FT Investigations

Hanergy and China's corporate debt spiral 2/2: The crash

In May last year Hanergy, a little known Chinese solar energy company, was worth almost $40bn, at least on paper. But in one brutal half hour of trading in Hong Kong, its shares came crashing down. FT reporters Miles Johnson, Lucy Hornby and Cynthia O'Murchu investigate the trail of debt that led to its spectacular decline.Music by David Sappa Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

Hear some of the best-reported stories from the Financial Times’s investigative journalists. The dialogue in these podcasts is based on interviews, court records and other documents. We pace each story over a series of episodes. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.