Xingyang’s Communist Party school was one of the buildings used as collateral for the 800 million yuan bond. Photo: Simon Song Xingyang’s Communist Party school was one of the buildings used as collateral for the 800 million yuan bond. Photo: Simon Song
Xingyang’s Communist Party school was one of the buildings used as collateral for the 800 million yuan bond. Photo: Simon Song
China economy
China

How one city’s borrowing practice highlights China’s daunting financial risks

In Xingyang, communist party and court buildings were used as collateral for 800m yuan bond

Topic |   China economy
Jane Cai
Jane Cai

Updated: 1:46am, 11 Jul, 2017

Why you can trust SCMP
Xingyang’s Communist Party school was one of the buildings used as collateral for the 800 million yuan bond. Photo: Simon Song Xingyang’s Communist Party school was one of the buildings used as collateral for the 800 million yuan bond. Photo: Simon Song
Xingyang’s Communist Party school was one of the buildings used as collateral for the 800 million yuan bond. Photo: Simon Song
READ FULL ARTICLE