3 brokers in China have flagged the debt of 5 companies
The brokers are concerned about the five companies’ liquidity risks
"One of the triggers for a financial crisis in China would be high-profile corporate defaults, which could change a deep-rooted mindset among investors that the government would always stand behind troubled companies," said Xia Le, a Hong Kong-based economist at Banco Bilbao Vizcaya Argentaria SA. "Then a panic would follow."
“Red flags” on China debt – brokers highlight 5 companies to watch for default risk
