Evergrande: overseas investors should beware payee of last resort status Lex專欄：恒大海外投資者當(dāng)心淪為“最后債權(quán)人”
Default is one thing, the bigger issue is whether a two-tier China bond market is emerging 違約與否是一回事，更大的問(wèn)題是，中國(guó)是否正在形成雙層債券市場(chǎng)，即本幣債券投資者相對(duì)于外幣債券持有人處于有利地位。