Chinese Conglomerate Huafa's Bonds Plunge in Record Selloff as It Seeks to Extend Debt Payments

Summary

Zhuhai Huafa Group Co., one of China's largest local government-owned conglomerates, is facing a record selloff in its offshore bonds as the country's prolonged property crisis raises credit risks. Bloomberg reported that Huafa's bonds had their biggest daily drop. In a separate report the same day, people familiar with the matter said Huafa is in talks with creditors of some debts to push back payments.

Timeline

1. Bloomberg

   26 Oct 2026, 08:35 UTCSource ↗

   Bloomberg reports that Zhuhai Huafa Group Co.'s offshore bonds are facing a record selloff, with their biggest daily drop, as China's prolonged property crisis raises credit risks.

2. Bloomberg

   26 Oct 2026, 09:56 UTCSource ↗

   Bloomberg reports, citing people familiar with the matter, that Zhuhai Huafa Group Co. is in talks with creditors of some debts to push back payments.