Chinese LGFV default fears rise as bond maturities loom
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Asia

Chinese LGFV default fears rise as bond maturities loom

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A default from a Chinese local government financing vehicle (LGFV) is looking increasingly likely, showing how fragile the dollar debt market in the region can be. The risk is certainly there, but DCM bankers are sceptical it could cause a repricing in the offshore bond market, writes Addison Gong.

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