In today’s briefing:
- Country Garden : Not a Nickel Play
Country Garden : Not a Nickel Play
- Country Garden should not be a surprise. The bond price at 5 cents is based on much uncertainty.
- We list a few caveats why the bonds at 5 cents are not investible.
- The potential wind-up order by the Hong Kong court will be a big test of the rule of law in China.
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