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Chinese Conglomerate Huafa’s Bonds Plunge in Biggest Daily Drop
Source: Bloomberg
Credit & Bond MarketsHousing & Real EstateEmerging Markets
Zhuhai Huafa Group, a major China local-government-owned conglomerate, is facing a record selloff in its offshore bonds. The report links the pressure to China’s prolonged property crisis and rising credit risks; it provides no selloff magnitude.
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