Friendship explanation of NRI researcher
It is believed that the Chinese Tsuneju group, which is in the business crisis, caused the first default (default) in the dollar -built public bonds.On the other hand, it can be read as a sign that the government is strongly involved in the government as a sign that debt reorganization (restructuring) negotiations such as deferred repayment deadline and reduction of principal and interest repayment (restructuring) negotiations begin in earnest.。At last the debt reorganization (restructuring) negotiations can be positively evaluated as the first step towards solving problems.On the 7th of Japan time, Chugoku Chong dollar for $ 2.49 million dollars for $ 2.49 million.November 6 was the initial deadline, but the last period was the last deadline due to the 30 -day grace period.Until now, it has not been paid to the initial date, and has repeatedly extended payments by the last day of the grace period.However, this time, several media reported that the payment has not been confirmed even after the grace period has passed.It seems to have been the first default (default) for the decimal bond of the birth.The US rating company S & P Global also stated that "the default of the birth seems inevitable."In addition, $ 3.5 billion in dollar bonds in March and April will reach a maturity, saying that "asset sale is not enough to redeem huge amounts."China has announced on March 3 that it will start consulting with overseas creditors for debt reorganization.Under the current conditions, the company has determined that the interests of dollar bonds and redemption are impossible.If you start negotiating debt reorganization with overseas investors, it is no longer appropriate to give priority to some interests.From such a neutral perspective, China's Hensho did not intentionally implement the interest payment of the dollar -building bond, which reached the final deadline on the 7th.
Following the difficulty of repaying overseas debt in China, Chinese authorities have begun to be actively involved in debt reorganization negotiations.Authorities have been calling for China Tsunei to prioritize private investors who have purchased housing buyers, delivery companies, and financial goods over bond holders.Among the bond holders, the repayment ranking of overseas creditors, who is the owner of foreign currency bonds, is likely to be positioned at the bottom.Nevertheless, the chaotic default is repeated.You may want to avoid situations that make the trust of overseas investors worsen.The local Guangdong government dispatched a resident team to China on the 3rd.On the 6th, the Risk Management Committee has been decided in the Chitai company.At the top of the committee, in addition to the founder, the founder, a state -owned company invested by the Guangdong government.Furthermore, with the addition of full supervision and guidance such as the People's Bank of China (Central Bank), we are preparing to negotiate foreign currency debt with a very generous system.Even if the foreign currency -building debt of China is the first default, the fact that the Chinese authorities began to actively involved in the number of foreign currency -building debt in China.For homes and financial markets as a whole, the expectation that they have finally begun to solve the problem.