scorecardresearchOne of the Decade's Hottest Bond Markets Is Imploding in China

One of the Decade's Hottest Bond Markets Is Imploding in China

Updated: 09 Aug 2022, 07:48 AM IST
TL;DR.
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.
Workers in protective gear in an area for travelers heading to quarantine in the arrival hall at Hong Kong International Airport in Hong Kong, China, on Monday, Aug. 8, 2022. Hong Kong will reduce the period of time people entering the city must spend in hotel quarantine to three days from seven, a bolder-than-expected easing of its strict Covid-19 travel curbs, yet still leaving the Asian financial hub isolated in a world that�s mostly moved on from the pandemic. Photographer: Bertha Wang/Bloomberg

Workers in protective gear in an area for travelers heading to quarantine in the arrival hall at Hong Kong International Airport in Hong Kong, China, on Monday, Aug. 8, 2022. Hong Kong will reduce the period of time people entering the city must spend in hotel quarantine to three days from seven, a bolder-than-expected easing of its strict Covid-19 travel curbs, yet still leaving the Asian financial hub isolated in a world that�s mostly moved on from the pandemic. Photographer: Bertha Wang/Bloomberg