Wave of Chinese companies cancel debt issues, citing market volatility

Wave of Chinese companies cancel debt issues, citing market volatility

A growing number of Chinese companies have cancelled bond sales in recent weeks due to market volatility, even as authorities have vowed to step up efforts to facilitate debt issuance to help the virus-hit economy.

The issuance of 48 bonds was delayed or cancelled in March, more than failed cases during the previous two months combined, according to financial data provider iFinD.

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