| Guangxi Non-ferrous Metals | |
| Type: | state-owned enterprise |
| Founded: | 2008 |
| Defunct: | 2016 |
| Hq Location City: | Nanning, Guangxi |
| Hq Location Country: | China |
| Revenue Year: | 2014 |
| Income Year: | 2014 |
| Net Income Year: | 2014 |
| Assets Year: | 2014 |
| Equity Year: | 2014 |
| Owner: | Guangxi Government |
| Parent: | SASAC of Guangxi Government |
| Website: | gxysjs.com |
| Footnotes: | in a consolidated basis |
| Guangxi Non-ferrous Metals Group Co., Ltd. | |
| S: | 广西有色金属集团有限公司 |
| T: | 廣西有色金屬集團有限公司 |
| P: | Guǎngxī yǒusè jīnshǔ jítuán yǒuxiàn gōngsī |
| Order: | st |
Guangxi Non-ferrous Metals Group Co., Ltd. was a state-owned enterprise of China, based in Nanning, Guangxi Zhuang Autonomous Region. It was managed by the State-owned Assets Supervision and Administration Commission (SASAC) of the Government of Guangxi.[1]
On 20 September 2016, Guangxi defaulted on of debt.[2] The company was the first bankrupted interbank bond issuer, according to Hong Kong–based newspaper South China Morning Post[3] and Caixin. This and other bankruptcies in the metals sector are widely considered the reason for the Chinese government's push toward reducing production overcapacities in an effort to restructure the economy.[4]