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Spread between the 1-year AAA and BBB+ corporate bond yields in PRC. View <a href="/sites/default/files/chaori-chart.png">chart</a> in full.

Chinese bond default – What does it mean for Asia's bond market development?

Last Friday, 7 March, 2014, Shanghai Chaori Solar Energy Science and Technology Co Ltd defaulted on its 1 billion yuan ’Chaori-11 bond‘ when it failed to pay in full the coupon due that day. The default should not have taken investors by surprise as the company has been struggling over the past few years due to general weakness in the solar panel market.

Thiam Hee Ng

Dialogues on Change: Up Close with Aung San Suu Kyi

My second meeting with Daw Aung San Suu Kyi was in early November. I had returned to the country to meet with officials and discuss next steps following our Board’s approval of our interim country partnership strategy. Following a variety of meetings in Yangon and Nay Pyi Taw, we returned to her residence on the outskirts of the capital. Madame Suu Kyi again greeted us at the entrance to her home and ushered us to the same table.

Stephen P. Groff

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