China Junk Bond Selloff Enters New Phase With Record Fosun Rout

The transcript discusses the financial challenges faced by Folsom, highlighting a dramatic repricing of risk and liquidity concerns. It delves into the complexity of Folsom's structure, which raises investor concerns about visibility and potential defaults. The discussion also touches on the contagion effect, indicating stress in China's financial markets beyond the property sector, affecting industrials and construction.

How has the repricing of risk affected dollar bonds?

What does the term 'tight liquidity' refer to in the context of this discussion?

What are the concerns regarding Lofoten's ability to repay its imminent cash?

What signs of contagion are being observed in the financial markets?

What impact has the property crisis had on industrial names?