China’s Huafa Gains ‘Full Support’ of Local Government Amid Bond Selloff
Analysts say the state-backed conglomerate’s troubles expose how China’s property slump has squeezed local governments and pushed borrowing costs higher.
7 Articles
7 Articles
China's Huge State Debt Crisis Erases All Market Confidence
BEIJING – China’s powerful state-owned corporate giants are currently battling an unprecedented and crippling financial crisis across multiple vital national economic industries. This massive corporate debt burden severely exposes a widening gap between Beijing’s rigid economic directives and rapidly cratering market confidence. Consequently, global investors are increasingly worried about the long-term economic stability of the […] <p>The post …
Two trust products recently maturing at Zhuhai-based state-owned enterprise Huafa Group have defaulted. Since September, Huafa Group has applied to at least three companies to extend the terms of all its existing loans and simultaneously lower the loan interest rates. The photo shows the Shanghai Stock Exchange. (Yifan Ding/Getty Images)
The Chinese state giant Huafa waves under 62 billion dollars of debt and shakes the bond market: the collapse of land sales (-94%) leaves the municipalities without money and exposes the risk of Beijing's public bonds. The article Trema the Chinese state giant Huafa Group: 62 billion debts at risk, and the crisis arrives in Beijing comes from Economic Scenarios.
Debt fears swirling around state giant shine a light on China’s post-property reality
As concerns over the financial health of a state-owned conglomerate rattled China’s bond market over the past week, analysts said its challenges reflected the lasting toll of the country’s prolonged property crisis, with local governments struggling to find sustainable alternatives beyond real…
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