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Chinese Conglomerate Zhuhai Huafa Repays Overdue Trust Product
Source: Bloomberg
Credit & Bond MarketsEmerging MarketsBanking & LiquidityCompany Fundamentals
Zhuhai Huafa Group repaid some investors on one overdue trust product, according to a person familiar with the matter. The partial repayment followed a selloff in the Chinese local-government-owned conglomerate’s offshore bonds this week, highlighting ongoing credit concerns; the article gives no repayment amount.
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