Chinese Inner Mongolian City Vehicle Fails to Make Loan Payment

Posted on 05/19/2018

Xilinhot Geipaishui Company, Limited, a local government financing vehicle controlled by the city of Xilinhot, failed to make a payment on a roughly 4 billion RMB loan from more than 20 majority state-owned leasing companies. Xilinhot Geipaishui is technically in default after missing payments on both the principal and interest for a period of more […]