Press "Enter" to skip to content

Chinese Kangde Xin to default two months after government bailout

China's Kangde Xin Composite Material Group on Monday announced that it would not be able to repay 1 billion yuan onshore bonds maturing on Tuesday and 500 million yuan onshore bonds maturing next Monday, due to a shortage of cash, shows a filing to the Shenzhen Stock Exchange.

To continue reading, please subscribe.

FREE TRIAL

We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. 

What you'll get:

  • Systematic, timely and data-driven reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
  • Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related stories.
  • Weekly Market Wrap-up on A shares, Chinese bonds, the Yuan and commodities!
  • Interviews with China experts. We find you insights you should never miss!
  • Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?

 

Already have an account? Sign In

Top