Funds see promise in battered Chinese real estate dollar bonds

Funds see promise in battered Chinese real estate dollar bonds

24/1/2022 11:54:00 AM

Funds see promise in battered Chinese real estate dollar bonds

SHANGHAI : Beaten-down dollar bonds issued by Chinese property developers are enticing domestic and global fund managers, some of whom are even planning to launch new funds targeting bargains as Beijing relents in its concerted drive to clean up the sector.Jupai Holdings Ltd, a Chinese wealth manager, pla

SHANGHAI : Beaten-down dollar bonds issued by Chinese property developers are enticing domestic and global fund managers, some of whom are even planning to launch new funds targeting bargains as Beijing relents in its concerted drive to clean up the sector.

Jupai Holdings Ltd, a Chinese wealth manager, plans to start a fund to bet on such offshore Chinese property bonds."I think roughly half of the developers' dollar bonds were slaughtered by mistake," Jupai Chairman Jianda Ni said."We will spot value in what others dumped as trash."

Read more: CNA »

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