Chinese regional investment arm in landmark bond default

Xinjiang holding group misses debt payment signalling end of implicit state bailout. An investment arm of western China’s Xinjiang region has failed to repay a Rmb500m ($73m) bond, marking the first public default by a Chinese government-linked holding company. The default by the Sixth Agriculture State-Owned Assets Management Co is the first by an investment holding … https://on.ft.com/2MkBQl2

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