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Nearly 40 billion yuan bond issues canceled, postponed after high-profile defaults roiled market

Last updated on November 20, 2020

Chinese companies are racing to cancel or postpone bond issue after a string of high-profile bond defaults by state-owned companies knocked investors' confidence and roiled the country's corporate bond market.

A total of 52 bonds worth a combined 39.88 billion yuan were cancelled or postponed between November 10 and 19 after a spate of corporate debt defaults, shows data from Wind Information. That compares to cancellations of only 16 bonds involving 7.4 . . .

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