Bond Vigilantes Win Victories Opposing China Debt-Equity Fix

Updated on
  • Bondholders win early victories as Premier Li’s vision opposed
  • Swap scheme not a success ‘yet’ as not market driven: Moody’s

Li Keqiang.

Photographer: Goh Seng Chong/Bloomberg

Chinese bondholders are joining lenders in pushing back against Premier Li Keqiang’s plan to swap bad debts into equity stakes -- and winning some early victories.

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