Chinese automakers' bond issuance surged more than 80 per cent in the first seven months of this year, with some companies tapping the bond market for the first time in a decade, in a move to ease funding strains amid a downturn in the world's largest car market.
SAIC Motor, China's biggest automobile manufacturer based in Shanghai, said last week that it plans to issued no more than 20 billion yuan worth of bonds in the domestic market . . .
To continue reading, please subscribe. You will get
- Original and in-depth reporting on China's economy and financial markets
- Details, data and perspectives you don't read elsewhere
- THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
- Daily Brief newsletters to get you prepared for every trading day
We highly value independence. We are solely funded by subscriptions from thousands of readers like you.
Already have an account? Sign In