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The wild west of China's bond market that regulators want to tame

Opaque valuations, inflated ratings and masked risks leave investors vulnerable

China's primary junk bond market is essentially made up of inflated "structured issuances," a creative but shady way for some Chinese companies with high credit risks to raise funds.   © Reuters

In China's junk bond market, investors gamble when companies tumble. Some win big, while some lose big.

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