Property default rattles China debt neighborhood

The mysterious refusal of a Chinese property developer to pay back a lender ought to put the whole debt-investing neighbourhood on watch. Kaisa owes HSBC some HK$400 million ($52 million), which the bank called in after the departure of Chairman Kwok Ying Shing tripped a covenant in the loan. What’s […]



Reuters via CHINA US Focus http://ift.tt/1BrrIZw