International Investors Burned by China's Kaisa Fiasco
For all the media ink spilled recently, you would think the ongoing fight in Hong Kong between severely-troubled Hong Kong-listed Chinese real estate developer Kaisa Group and its creditors was the biggest, nastiest, most portentous blood feud the capital markets have ever seen.
It’s none of that. It’s a reasonably small deal (US$2.5 billion in total Hon…
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