Less than six months ago, China’s central bank made its biggest push yet to tackle inflated credit ratings in the nation’s $5.6 trillion corporate debt market. Now it has a live test case.
Zhuhai Huafa Group Co., one of China’s biggest local-government owned conglomerates, was placed on rating watch negative by Fitch Ratings over heightened refinancing risks, a step that signals increased possibility of a downgrade.
Quick question for the cross border pros. I am travelling from HK to Huafa and have found the trip via the buses to be tedious and customs slightly slow. I find that my average trip time is around 2 hours long each way which honestly eats into my day.…
