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真爱美家:国浩律师（杭州）事务所关于公司首次公开发行股票并上市之补充法律意见书（二）- CFi.CN 中财网 cfi.net.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cfi.net.cn Daily Mail and Mail on Sunday newspapers.
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Debt at China’s state-owned firms in spotlight as credit tightening raises default pressure Amanda Lee [email protected] Some state-owned enterprises in China, including in the coal industry, continue to suffer from falling prices and bloated workforces. And transforming them to commercially viable businesses has been slow. Photo: Reuters China s big state-owned firms are likely to face growing pressure to make payments on their debt this year as Beijing moves to tighten credit growth, government researchers and analysts said. Last year, Chinese state firms defaulted on 71.8 billion yuan (US$11.1 billion) worth of debt, accounting for 51 per cent of all defaults, and the largest default total for state firms since China first allowed onshore bond defaults in 2014, according to data from the National Institution for Finance & Development (NIFD), a government-linked think tank. ....