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

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

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
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