Amid a welter of public accusations and counter claims, a bizarre spat is emerging at the troubled electric car firm whose main backer is controversial LeEco founder Jia Yueting.
Cooling measures may have stemmed the tied of overseas direct investment, but the central government is keen to ramp up foreign direct investment into Chinese businesses.
The need of Chinese corporate to find billions in foreign exchange to pay overseas shareholders is likely to depress the renminbi. But will it last for long?
Corporate treasurers in Hong Kong will watch pricing closely following the Moody's downgrades, though the wider outlook for local corporates is likely to remain robust.
New rules imposing capital floors are being keenly debated – especially among German, French and Japanese banks. The outcome could be critical for corporate treasurers in emerging markets.