China Minsheng, Wintime Energy said to have missed bond payments

People walk along an elevated walkway as an electronic ticker displays the figures of the Shanghai Composite Index, top, and the SZSE Composite Index in Pudong's Lujiazui Financial District in Shanghai, China, on Saturday, June 2, 2018. China's banks, scrambling to adjust to the government's deleveraging campaign, are likely to add to pressures on the corporate bond market as they shed more of their massive note holdings and de-risk their balance sheets. Photographer: Qilai Shen/Bloomberg

Two large Chinese borrowers missed payment deadlines this month, underscoring the risks piling up in a credit market that’s witnessing the most company failures on record.

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