Huachen Automotive Group is the parent company of Brilliance Automotive, a partner of BMW. Photo: Reuters Huachen Automotive Group is the parent company of Brilliance Automotive, a partner of BMW. Photo: Reuters
Huachen Automotive Group is the parent company of Brilliance Automotive, a partner of BMW. Photo: Reuters

Chinese authorities warn bond issuers they can’t ‘run away’ from their debts after defaults rock investor confidence

  • Financial regulators promise zero-tolerance approach after two high-profile defaults by Huachen Automotive Group and Yongcheng Coal and Electricity
  • Cases have alarmed investors who had assumed that local governments would honour their debts

Topic |   China economy
Huachen Automotive Group is the parent company of Brilliance Automotive, a partner of BMW. Photo: Reuters Huachen Automotive Group is the parent company of Brilliance Automotive, a partner of BMW. Photo: Reuters
Huachen Automotive Group is the parent company of Brilliance Automotive, a partner of BMW. Photo: Reuters

Corrected [11:35am, 23 Nov, 2020]

  • [11:35am, 23 Nov, 2020]

    This story has been corrected. For details, see the note at the end of this story

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