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"Red flags" on China debt - brokers highlight 5 companies to watch for default risk

Discussion in 'Market News' started by ForexLive, Nov 30, 2015.

  1. ForexLive

    ForexLive Forum Member

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    3 brokers in China have flagged the debt of 5 companies The brokers are concerned about the five companies' liquidity risks "One of the triggers for a financial crisis in China would be high-profile corporate defaults, which could change a deep-rooted mindset among investors that the government would always stand behind troubled companies," said Xia Le, a Hong Kong-based economist at Banco Bilbao Vizcaya Argentaria SA. "Then a panic would follow." The flagged companies are here at a Bloomberg report (see link, above), they are a chemical producer, chicken processor, a sausage maker, a tin smelter and a coal miner

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