Business
Red lights flashing in China as Huarong plunge stokes market contagion fears – Sydney Morning Herald
For decades, it’s been an article of faith in China’s credit market: Companies controlled by the central government will get bailed out if they ever run into trouble….
Chinas credit market is entering a new era as SOEs are emerging as the main source of stress, said Shuncheng Zhang, an analyst at Fitch Ratings. Whatever the outcome for China Huarong, policy makers will likely allow more defaults in the state sector to reduce moral hazard and cultivate a more mature debt market, he added.
Its unclear whether Chinese leaders have discussed the fate of China Huarongs bondholders, but there are signs authorities might be preparing to provide support to the company…
-
General16 hours agoGold Coast Titans, Jaime Chapman working with NSW Police over deepfake AI images of NRLW star
-
Business18 hours ago3 unstoppable ASX 200 shares to buy and hold for 10+ years
-
Noosa News12 hours agoMelioidosis death toll hits 31 with latest fatality in Townsville
-
Noosa News12 hours agoBlinged-up trucks converge on South Bank for Brisbane Truck Show’s heavy vehicle bonanza