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Top News In Once Asia Today - Breaking & Trending Today
The Chinese dollar junk bond market is shrinking fast after cracks in the onshore property market. Hong Kong-based money manager BEA Union is looking elsewhere in search of better yields and returns. ....
China s leading property developer Country Garden is facing a potential bankruptcy. After missing bond payments and warning of multibillion-dollar losses, concerns are growing that Country Garden could follow in the footsteps of its competitor, Evergrande. The share price has reportedly plummeted by over 16% in Hong Kong, and its billionaire CEO Yang Huiyan feels their company is facing difficulties. ....