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Bond risk in China state-owned firms 'controllable'

Published Fri, May 6, 2016 · 09:50 PM
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Shanghai

CHINA's state asset manager has described the risk in bonds issued by central government- owned firms as "controllable".

The State-owned Assets Supervision and Administration Commission (SASAC) said it made the conclusion after a detailed probe into all bonds issued by such enterprises.

The investigations were launched after one firm, China Railway Materials Co Ltd, in mid-April sought suspension of trade in 16.8 billion yuan (S$3.5 billion) worth of its debt instruments, as the company struggles to make pay…

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