Mainland authorities have been trying to wind back implicit debt guarantees in the world’s second-biggest bond market, in an effort to introduce pricing based on credit risk. Photo: AFPMainland authorities have been trying to wind back implicit debt guarantees in the world’s second-biggest bond market, in an effort to introduce pricing based on credit risk. Photo: AFP
Mainland authorities have been trying to wind back implicit debt guarantees in the world’s second-biggest bond market, in an effort to introduce pricing based on credit risk. Photo: AFP
Business /  Companies

Getting it right on Chinese bond bailout winners can lead to a windfall 30 per cent return

  • Buyers of distressed debt of Chinese local oil refiner Shandong Qicheng Petroleum Chemical Industry Co earned a handsome return in weeks
  • Bailouts can be expected as authorities seek to avert a further daisy chain of defaults
Topic |   Bonds
Bloomberg
Bloomberg

Updated: 3:15pm, 4 Jul, 2019

Why you can trust SCMP
Mainland authorities have been trying to wind back implicit debt guarantees in the world’s second-biggest bond market, in an effort to introduce pricing based on credit risk. Photo: AFPMainland authorities have been trying to wind back implicit debt guarantees in the world’s second-biggest bond market, in an effort to introduce pricing based on credit risk. Photo: AFP
Mainland authorities have been trying to wind back implicit debt guarantees in the world’s second-biggest bond market, in an effort to introduce pricing based on credit risk. Photo: AFP
READ FULL ARTICLE