Peking Founder’s bonds tumble as cash crunch leads to onshore default
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Peking Founder’s bonds tumble as cash crunch leads to onshore default

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Investors have dumped Peking University Founder Group Co’s $2.95bn of dollar bonds after a default by the company in onshore China rattled markets. But despite numerous default situations from the country making headlines this year, market participants are not hitting the panic button just yet, writes Addison Gong.

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