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Has China’s 2018 bond default tsunami landed; the deeper implications of China’s paramilitary reforms

SinoInsight 1 The China Securities Regulatory Commission approved Foxconn Industrial Internet Co.’s IPO application on May 11. According to Foxconn’s A-share prospectus, the company is looking to raise 27.3 billion yuan ($4.3 billion) for eight major projects. OUR TAKE We are not optimistic about how much Foxconn can eventually raise at its IPO. First, Chinese …

Read moreHas China’s 2018 bond default tsunami landed; the deeper implications of China’s paramilitary reforms

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