When investor demand for Chinese property debt was approaching its peak back in 2018, a banker could pull together the makings of a multi-million dollar deal during a Saturday boat trip around Hong Kong’s harbor and barely look up from her drink while doing it.I remember writing something about this specifically...oh yeah: China Will Nuke Foreign Investors From OrbitNow, the $203 billion market—which once yielded several deals a week and padded portfolios across the world from Pimco to UBS—is all but dead. And offshore investors are swallowing almost all of the losses.
2022-08-09
No Surprise: Foreign Bondholders Lose First in China
Bloomberg: One of the Decade's Hottest Bond Markets Is Imploding in China
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