Chinese Conglomerate Huafa’s Bonds Plunge in Biggest Daily Drop

Bonds issued by Zhuhai Huafa Group Co., a Chinese state-owned conglomerate, fell sharply on a single day, marking the largest daily decline on record for the company's offshore debt. The selloff occurred as China's property sector continued to face economic pressure. Zhuhai Huafa Group is among China's largest local government-owned conglomerates.

• Bloomberg — Chinese Conglomerate Huafa’s Bonds Plunge in Biggest Daily Drop

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