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Chinese companies scramble to cancel bond sales as borrowing cost climb amid tightening

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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 . . .

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