scorecardresearchBlackRock, UBS Among Funds Slashing Exposure to China Property

BlackRock, UBS Among Funds Slashing Exposure to China Property

Updated: 24 Aug 2022, 10:35 AM IST
TL;DR.
Asia’s largest high-yield bond funds are steering clear of China’s real estate sector as a worsening liquidity crisis weighs on the debt, according to research firm Morningstar Inc.
Security officers stand on a hillside after clearing away visitors from the dry riverbed of the Jialing River, a tributary of the Yangtze, in southwestern China's Chongqing Municipality, Saturday, Aug. 20, 2022. The very landscape of Chongqing, a megacity that also takes in surrounding farmland and steep and picturesque mountains, has been transformed by an unusually long and intense heat wave and an accompanying drought. (AP Photo/Mark Schiefelbein)

Security officers stand on a hillside after clearing away visitors from the dry riverbed of the Jialing River, a tributary of the Yangtze, in southwestern China's Chongqing Municipality, Saturday, Aug. 20, 2022. The very landscape of Chongqing, a megacity that also takes in surrounding farmland and steep and picturesque mountains, has been transformed by an unusually long and intense heat wave and an accompanying drought. (AP Photo/Mark Schiefelbein)