Chinese companies scramble to cancel or delay their planned bond issuance due to rising borrowing cost after the authority scales back monetary easing amid economic recovery.
Chinese companies last month canceled or delayed issuance of 85 onshore bonds, involving 49.85 billion yuan, according to data from the financial data provider Tonghuashun, although the amount remained lower than a peak of 66.6 billion yuan recorded in June this year.
In particular, in the last . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- THE WIRE - Up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
- DETAILS - We bring you details that you won't find elsewhere. General information about China is everywhere, but information with details and relevant to your investment is rare.
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In