Photographer: SeongJoon Cho/Bloomberg

There's a Big, Bank-led Change Sweeping Asian Debt Markets

Things may never be the same again.

The recent woes of Hanjin Shipping Co. underscore a sea change blowing through the Asian debt market as companies, lenders, and investors come to grips with a 'new normal' in corporate financing: banks appear less inclined to prop up national champions in oversupplied sectors.

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