Press "Enter" to skip to content

China’s credit woe deepens as big investment group missed debt repayment

CHECK THE WIRE FOR REAL-TIME NEWS UPDATES

China's corporate bond market woe is deepening as the cash-strapped China Minsheng Investment Group (CMIG) failed to make repayment of a bond that had matured in late January.

Investors of the company’s note maturing on January 29th with a coupon of 5.2 per cent hadn't receive repayment of the principal and interest rate by January 31, marking the first time the company has failed to make a loan repayment on time.

CMIG has said that . . .

To continue reading, please subscribe. You will get

  • An indispensable and reliable source of information on China's economy and financial markets
  • Original and in-depth reporting 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - the ONLY real-time financial news platform focused on China, with 24/7 continuous live updates
  • Daily Brief newsletters to get you prepared for every trading day

Don't Miss Christmas Offer!  Full subscription less than $0.5 a day! 

FREE TRIAL cancel any time

We highly value independence. We are solely funded by subscriptions from thousands of readers like you.  

Already have an account? Sign In

Top