Swissport is looking to switch up its bonds to avoid being bumped into a default after being bought by China’s HNA Group last year, in a sign of the growing scrutiny on aggressive Chinese acquisition techniques, the Financial Times reported. China’s HNA Group completed its acquisition of Swissport in early 2016, raising debt on its own account to finance the deal, along with high-yield bonds and leveraged loans under Swissport’s name.

China's Jiangsu Shagang Co Ltd said on Monday it is expected to be the biggest shareholder of debt-strapped Dongbei Special Steel Group after a bankruptcy restructuring process, Reuters reported. Owned by the Liaoning provincial government in the country's "rustbelt" northeast, Dongbei entered into the bankruptcy restructuring process in October aimed at recovering a reported $10 billion in debt, and said it faces "uncertainties" about paying interest on medium-term notes in April.

Cosco Shipping Holdings Co. offered $6.3 billion to acquire the container carrier controlled by former Hong Kong Chief Executive Tung Chee-hwa’s family in a deal that would catapult the mainland Chinese group into world’s third-largest shipping line, Bloomberg News reported. State-owned Cosco will pay shareholders of Orient Overseas International Ltd., Hong Kong’s No. 1 box mover, HK$78.67 a share in cash, a 31 percent premium over the stock’s last closing price.

Just as global investors get a new channel to access China’s $9.8 trillion onshore bond market, it’s starting to look like one that they might recognize. Gone are the days when China’s corporate debt was all pretty much priced the same, with an implicit government backstop giving buyers little reason to demand higher returns from some borrowers over others, Bloomberg News reported. Things started changing in 2014, when the Communist Party leadership with little warning began to allow defaults.

China’s banking regulator, which has asked local lenders to provide loan information on the country’s top deal-making companies, is examining examples of acquisitions gone awry by those firms to assess potential risks to the financial sector, people familiar with the matter said.

China may finally be ready to cut the cord when it comes to the country’s troubled local government financing vehicles, Bloomberg News reported. Beijing’s deleveraging drive has seen rules impacting LGFV debt refinancing tightened, spurring a slump in issuance by the vehicles, which owe about 5.6 trillion yuan ($818 billion) to bondholders and are seen by some as the poster children for China’s post-financial crisis debt woes.

An outsized $6.6bn bond deal by Evergrande, the Chinese developer, risks raising borrowing costs in Asia’s booming bond markets, analysts have warned, following a rare first-day price fall that left buyers of the deal nursing losses of $250m, the Financial Times reported. Asian companies have tapped international markets at a record pace this year, raising $128bn in US dollar-denominated bonds — almost double the amount at this point last year, according to ANZ.

China’s leverage crackdown is forcing local companies to confront their addiction to short-term bond sales that they use to roll over debt, Bloomberg News reported. The shock therapy is worsening the outlook for corporate defaults in the second half of this year after borrowing costs jumped to a two-year high. With yields surging, Chinese non-banking firms sold 131 billion yuan ($19.3 billion) of bonds with a maturity of one year or less in May, the least since January 2014 and less than half of the same month last year, according to data compiled by Bloomberg.

Protests against Chinese property controls have grown in intensity in recent weeks, underscoring the challenge for the government in preventing public eruptions of anger as it cracks down on housing speculation, The Wall Street Journal reported. In response to skyrocketing home prices, governments in China’s big cities have set limits on the buying of multiple homes and higher down-payment ratios, which has left many unable to sell their homes and others worried they won’t be able to buy in before prices rise further.

China Huishan Dairy faces a bumpy road ahead in its effort to restructure its hefty debt, as a 2.5 billion yuan “discrepancy” in its cash position implies lingering obscurities over its financial well-being, the South China Morning Post reported. The Shenyang-based dairy farm operator said in a statement on Monday that it has found a discrepancy in its cash position based on “incomplete” management accounts and confirmation received from banks. It also said it was in talks with its creditors over a possible debt restructuring.