Country Garden repurchases 60% of the outstanding principal on an offshore bond due in July

Country could form transition finance framework in 2022, State Council eyes NEVs as driver of consumption recovery

Global credit rating company finds that while banks’ direct exposure is limited, fallout from the property giant’s crisis could trigger deterioration for the real estate sector

As the scandal-plagued bad asset manager reports $15.9 billion of red ink for 2020, it may have to raise almost that much from investors and asset sales

One-notch credit rating cut to B2 reflects weakened funding access and reduced liquidity buffer with big debts coming due, Moody’s says

Lu Zhengyao defaults on $518 million loan, while Moody’s also downgrades credit ratings for his car rental company

Under pressure of regulatory crackdown on leverage, shadow credit sector declines by $238 billion in first half, Moody’s reports

Rating agency forecasts decline of up to 5%, but adds that price correction is unlikely

As more borrowers pledge listed stocks as collateral, ratings agency warns of liquidity risks for both borrowers and lenders

First downgrade in almost three decades reflects concern over rising government liabilities as economic growth slows