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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