- A financially strapped private carmaker is likely to default on 1.5 billion yuan ($218 million) of privately offered bonds as a deadline approaches by the end of Friday with no payment yet made.
- The company has four outstanding bonds, including the one due Friday, a 1 billion yuan bond due Sunday and a 2 billion yuan note due Oct. 26.
- Hawtai pledged 10.5 billion yuan of plants and land, plus 3.58 billion yuan of financial assets by the end of 2018.