Selloff of Bonds Throws Spotlight on China’s Top Universities
- Dollar bonds of Tsinghua, Peking university units have tumbled
- Tsinghua Unigroup has key role building domestic chip industry
Source: China Photos/Getty Images
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A selloff in dollar bonds issued by two Chinese university-backed companies has revived concerns about the finances of such firms, as well as the strength of state support.
In the past week, investors have dumped dollar debt issued by subsidiaries of Tsinghua University and Peking University, the country’s top two tertiary institutions, pushing prices to record lows.