Huarong AMC woes drag on China’s bond market

By Morgan Davis
14 Apr 2021

Fears around the health of China Huarong Asset Management Co have spooked investors this week and taken a toll on Asia’s bond market. The bad debt manager’s dollar bonds have tumbled, bringing new issuance from China to a near halt and putting pressure on other state-linked credits in the secondary market.

The Chinese primary dollar bond market has been quiet this week, with only two of the country's borrowers launching deals. Most bankers, investors and issuers are watching the Huarong situation unfold, while grappling with what it could mean for other Chinese bonds.

"There is a lot of ...

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