Restructuring firms eyeing China's debt-laden dealmakers

Hong Kong

CHINESE deal makers that racked up debts for overseas deals and are now reversing course to pay down borrowings have attracted the attention of restructuring specialists.

As President Xi Jinping steps up leverage curbs, borrowing costs in China have jumped. The nation's most high-profile deal makers including HNA Group Co have come under mounting regulatory scrutiny, and have been selling assets as they try to rein in borrowings. HNA missed payments to several Chinese banks and its bond yields have in recent months traded at times at levels that are often considered distressed.