As the dust settles from the storm over the first missed coupon payment in China's onshore bond market, two things are becoming clear: retail investors will bear the brunt of any losses and a restructuring framework is sorely needed. A diverse investor base and a lack of even the most basic guidelines for a restructuring mean investors who expect shanghai chaori solar energy science and technology to set a precedent for future debt workouts will have to wait months for any resolution, lawyers have warned.
展开▼
