Private Equity Unit of China Minsheng Misses Bond Payment

Posted on 02/12/2019

In 2018, a liquidity crunch impacted Chinese corporations. Shanghai-based China Minsheng Investment Group Corporation failed to return money to bondholders regarding a debt it pledged to repay on February 1, 2019. The 3 billion RMB bond matured on January 29, 2019. According to the Shanghai Brilliance Credit Rating & Investor Service Co., China Minsheng Investment […]