China’s little finaincal crisis rolls on

Some more updates on the little Chinese financial crisis roiling its bond and equity markets. Analysts had hoped that yesterday would being relief form the PBOC, no such luck:

  • Stocks fell as the PBOC withdrew liquidity as for a fourth straight month:
  • Funding costs in the junk bond market will keep rising, noted ANZ.

Meanwhile, directly pertaining to Huarong:

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