Trade war trajectory should spur Chinese firms into action

By Pan Yue
21 May 2019

Financial markets have grown increasingly uncertain since the US government threatened earlier this month to impose a fourth round of tariffs on China. Chinese companies are beginning to lose sway with their investors: they need to get on with their fundraising plans before the trade war heats up any further.

Some firms are already taking action.China Lesso Group Holdings, for one, is preparing an early refinancing. The manufacturer of home building materials is inviting banks to join an $800m loan, which will be used to refinance two borrowings that mature next February and the following September, ...

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