CMIG is exposed to the solar power industry, which has underperformed. Photo: Imaginechina

Chinese investment giant CMIG misses bond payment, sending shockwaves through US$11 trillion market

  • CMIG suspends trading of three of its bonds after missing a repayment on a privately placed note worth 3 billion yuan (US$442 million)
  • More private firms are facing default pressure this year as banks tighten their belts and refuse them loans
Topic |   Bonds

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CMIG is exposed to the solar power industry, which has underperformed. Photo: Imaginechina
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