Chinese Conglomerate Zhuhai Huafa Repays Overdue Trust Product

Zhuhai Huafa Group Co., a major Chinese local-government owned conglomerate, has repaid some investors on one of its overdue trust products, a person familiar with the matter said, following a...

By Bloomberg News · Bloomberg

Zhuhai Huafa Group Co., a major Chinese local-government owned conglomerate, has repaid some investors on one of its overdue trust products, a person familiar with the matter said, following a selloff in the company’s offshore bonds this week.