(Bloomberg) — When China’s largest residential property developer raised money this month, a third of interest came from banks that service the wealthy, a group keeping faith with the nation’s beleaguered builders even as other investors flee.The affluent in Hong Kong and the mainland have piled in as Chinese developers sold a record $26 billion in U.S. dollar bonds in the first quarter and $1 billion since, brushing aside concerns that pushed junk-bond yields to an eight-year high in March.Heightened interest from private bank clients and family offices is an important support as developers look to refinance or repay at …read more
Source:: Yahoo Finance
