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.
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.