Press "Enter" to skip to content

Chinese developers see sell-off in stocks and dollar bonds, yields skyrocket amid tight dollar liquidity

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

Chinese real estate developers see a sell-off in their stocks and dollar bonds, with their yields skyrocketing amid tight dollar liquidity.

On Thursday, developers' stocks tumbled in both mainland and Hong Kong. In the mainland market, a gauge tracking the sector compiled by the Shenwan Hongyuan Securities fell 2 per cent, one of the worst performers on the day. China Vanke fell 4 per cent to close at the lowest level since January 2019.

To continue reading, please subscribe. You will get

 

  • IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
  • DETAILS MATTER - we bring you details that you won't find elsewhere
  • THE WIRE  - up-to-the-minute updates of market-moving news and views
  • DAILY BRIEF - daily newsletter to give you a quick overview of the most important business news every day.

FREE TRIAL cancel anytime

LIMITED-TIME OFFER - 50% OFF

 

We highly value independence. We are solely funded by subscriptions from intelligent readers like you. 

Already have an account? Sign In

Top