White Paper

Case Study: The Credit Default of China’s Chaori Solar Bond

May 21, 2020

What factors drove the first credit default in the history of the Chinese bond market, and what lessons have been learned from this event? Dr. Yongqiang Bu provides an overview of the default of the so-called 11 Chaori Solar Bond, and explains how it changed investors’ perceptions and impacted the market – past and present.