China's Property Stock Plunge Isn't Fazing These Investors
A worker holds a welding mask at a construction site in Shenzhen.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Investors in junk dollar debt sold by Chinese property companies aren’t losing their cool.
Chinese real estate bonds actually eked out a small gain on Monday, a Bank of America Corp. high-yield index shows. That compares with a 9.1 percent tumble on the day in the Bloomberg Intelligence index of shares of 22 Chinese developers, the biggest decline in six years.