Authored by:Yun Zhi (Richard) Stanley Zhou Huang Jianxian
In recent years, China’s bond market has been expanding, the level of opening-up has been rising and the regulatory system of the bond market has been increasingly perfected. However, under the backdrop of the strong impact of international politics, investment, trade frictions, and the COVID-19 pandemic, funding liquidity problems have come to the fore, which results in frequent bond defaults. The scale of defaults grows rapidly, bond disputes increase significantly, and legal disputes regarding cross-border bonds are also increasing.