This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Dollar bonds of Chinese property developers broadly continue to rally with the likes of Road King, Country Garden, Sino-Ocean and others up ~50% since end-November after the array of easing measures taken by Chinese policymakers and regulators.
Separately, R&F Properties co-founder Zhang Li was arrested in London regarding bribery over a San Fransisco project. R&F Properties said that it had ‘no interest’ in the San Francisco project known as “Z&L Properties” and the company did not put up Zhang’s bail money. While R&F’s dollar bonds were flat at over 20 cents on the dollar, its shares fell by 16% on the news.