On August 17, the People’s Bank of China added 700 billion yuan of one-year funding via its medium-term lending facility, more than offsetting upcoming bond maturities. Photo: Reuters On August 17, the People’s Bank of China added 700 billion yuan of one-year funding via its medium-term lending facility, more than offsetting upcoming bond maturities. Photo: Reuters
On August 17, the People’s Bank of China added 700 billion yuan of one-year funding via its medium-term lending facility, more than offsetting upcoming bond maturities. Photo: Reuters
China economy

Defaults in China’s US$4.1 trillion corporate bond market could hit record high this year as recovery remains fragile

  • Some 3.65 trillion yuan (US$529 billion) of notes mature by year-end
  • Chinese firms reneged on 10.4 billion yuan of notes in July and about the same amount so far in August, with developer Tahoe Group among the latest to miss payments

Topic |   China economy
On August 17, the People’s Bank of China added 700 billion yuan of one-year funding via its medium-term lending facility, more than offsetting upcoming bond maturities. Photo: Reuters On August 17, the People’s Bank of China added 700 billion yuan of one-year funding via its medium-term lending facility, more than offsetting upcoming bond maturities. Photo: Reuters
On August 17, the People’s Bank of China added 700 billion yuan of one-year funding via its medium-term lending facility, more than offsetting upcoming bond maturities. Photo: Reuters
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