Reported about 12 hours ago
The recent rally in Chinese developers' credit and share markets is fading despite a proposal to assist state-backed China Vanke Co. with a 50 billion yuan funding gap. A Bloomberg index showed a 3.3% drop in builder shares after a significant 8.6% increase, highlighting ongoing investor uncertainty and a demand for more government intervention. While Vanke's prospects have improved with state support, private and defaulted builders appear to remain overlooked, reflecting a mixed outlook for the Chinese housing market.
Source: YAHOO