China Fortune Land defaults on liquidity crunch

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China Fortune Land defaults on liquidity crunch

Addison Gong
February 02, 2021 07:45 am
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Man counting coins left to next salary, low income, lack of money, poverty | Ievgen Chabanov/motortion - stock.adobe.com

Property company China Fortune Land Development has missed payments on Rmb5.255bn ($813m) of onshore debt, adding to concerns about its liquidity condition and access to funding.

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ChinaCorporate BondsHigh yieldAsiaGreater ChinaChina BondsNortheast AsiaChinaLoans and High YieldLevFin High Yield BondsAsia PacificLevFinEmerging Markets
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Addison Gong
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