Econ and Finance - 20 Nov 2020

Canary in the coal mine

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Last week, Yongcheng Coal and Electricity Holding Group Co., a Henan provincial SOE, sent the bond market into a tizzy when it defaulted on a RMB 1 billion bond.

Things continue to look grim for the beleaguered firm.

According to 21st Century Biz, Yongcheng met its bondholders on Thursday to ...


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