ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

China's Moutai comes to home province's rescue with bond purchase

Deal shows how a local government can leverage a profitable state-owned business

The parent of the Chinese mainland's most valuable listed company, liquor-maker Kweichou Moutai Co. Ltd., plans to issue up to 15 billion yuan ($2.2 billion) in bonds to help another local government-owned company in debt-ridden Guizhou province repay its debts.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more