Hong Kong-listed property stocks rise following Beijing’s easing of borrowing requirements for homebuyers
email rounding up the latestShares in Chinese property developer Country Garden rose almost 20 per cent on Monday after creditors agreed over the weekend to restructure the repayment of a renminbi-denominated bond that was due on Saturday.
, which has become the focus of international investors trying to gauge the state of China’s vast property sector, said in a statement to bondholders that it had secured 56.08 per cent approval from participating Chinese creditors in a vote.and allowed the developer to repay the debt in a series of instalments over the course of three years.
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