Debt-heavy municipalities represent a major risk to the world's second-largest economy and its financial stability, amid a deepening property crisis

Bonds totalling $137 billion will help counter growing impacts from climate change, as China continues to build new coal power plants; it will also boost the economic recovery, officials say

Shares rose slightly on markets in mainland China but dropped in Hong Kong, while Japan, Seoul and Sydney rebounded after three days of falls; Asian currencies edged higher

PBOC governor Pan Gongsheng said he will focus on bolstering domestic demand and neutralizing financial risks

Foreigners sold regional bonds worth $3.7 billion from Malaysia, Indonesia, South Korea, and Thai markets, their biggest sell-off since June 2022

Regional banks may need support from the PBOC as they have high exposure to local government financing vehicles set up by provinces for spending on infrastructure, S&P Global Ratings says

Country's biggest private developer seems to have missed a payment deadline, which would put the group in default on $17 billion in offshore debt

With nearly $11 billion of offshore bonds and $6 billion of offshore loans, a default by Country Garden would set the stage for one of China's biggest corporate debt restructurings

The PBOC said it is pumping $39.5 billion of fresh liquidity into the banking system, the biggest net injection of its kind in nearly three years

Shares of China's largest private developer sank nearly 11% on Tuesday after it warned liquidity is very tight and it faces uncertainty on the sale of assets and restructuring of its debts

Bondholders of China Evergrande express surprise at debt plan failure, fear it faces liquidation, while Country Garden may announce a restructuring of its offshore debt soon

Analysts say officials may have vetoed the group's debt restructuring and that a risk management committee is likely to step in to deal with the company's unfinished projects and huge debts