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China saw record corporate bond defaults in Q1, significantly more bonds canceled

Last updated on April 8, 2021

China saw a record number of corporate bond defaults in the first quarter and an increasing number of bonds have been canceled since high-profile defaults by state-owned enterprises last November. Analysts expects more defaults in the quarters to come as credit policy nomalizes.

A total of 29 corporate issuers defaulted on 66 onshore bonds worth 72.17 billion yuan in the first quarter of the year, with the number of defaults and the value of . . .

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