China's bond investors should pay close attention to bond default risks, in particular bonds issued by private enterprises engaged in highly cyclical industries such as steel industry, a leading Chinese securities company warns.
Jiang Chao, bond analyst with Haitong Securities, said that investors should also be vigilant over bonds offered by private enterprises of overcapacity-plagued industries due to their longstanding relatively weaker anti-risk abilities as compared to large state-owned peers.
Latest comments