HSBC’s overvalued Chinese bank

12 March 2024BanksAccounting, China, HSBCNick Dunbar

Experts say HSBC’s BoCom stake is overvalued by $12 bn. Risky Finance trawled through ten years of data to understand the giant’s accounting controversy.

Charting China’s real estate bond meltdown

29 August 2023Credit, Risk CommentaryChina, corporate bonds, distressed debt, real estateNick Dunbar

Our corporate bond tool shows that dollar-denominated Chinese real estate bonds are collectively worth just 12% of their total value two years ago. By analysing iBoxx departures and distressed prices, we firm up this analysis and look at the wider implications for China’s troubled economy.

Building on sand

15 September 2021Credit, EconomicsChina, corporate bonds, regulationNick Dunbar

Distress is building in corners of the Chinese offshore corporate bond market. What does this tell us about the nation’s relationship with foreign capital and investment?

Visualising China’s emerging market lending splurge

16 April 2020EconomicsChina, Covid-19, government bondsNick Dunbar

Emerging market nations may struggle to repay debt in the wake of the coronavirus pandemic. And for many the biggest lender is China, as a new visualisation shows.