When a note began circulating in late September that claimed to show Chinese property developer Evergrande begging the local government in Guangdong for help in averting a cash crunch, it seemed to confirm many of the worst fears about Chinese corporate debt: low governance standards, excessive amounts of leverage and a lack of transparency make this asset class more of a gamble than an investment.
To continue reading this article...
Join Investment Week today
Free for those involved in advising, managing and/or analysing investments or £1 per day for professionals outside of these roles.
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
