Five Chinese companies are already likely to default on 3.5 billion yuan (US$446.25 million) worth of debt since the start of the year. Photo: Sam Tsang

China’s corporate default storm continues to rage at the start of 2019 after a record year

  • Midway into January five Chinese companies are already likely to default on 3.5 billion yuan (US$446.25 million) worth of debt
  • Beijing Kang Dexin Composite Material tumbled 10 per cent on Tuesday after saying it’s likely to default on the payments of two corporate bonds
Topic |   Bonds

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Five Chinese companies are already likely to default on 3.5 billion yuan (US$446.25 million) worth of debt since the start of the year. Photo: Sam Tsang
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Laura He

Laura He

Before joining the Post, Laura worked for MarketWatch and The Wall Street Journal Digital Network in San Francisco and Hong Kong. She has also worked for Forbes in San Francisco and had stints at Xinhua News Agency as economics editor, anchor and financial correspondent in both Beijing and Hong Kong. She has an MA degree in digital journalism from Stanford University and passed CFA exams.