Chinese developers descend on dim sum market

Four Chinese developers rush to the dim sum market this week as investors chase the renminbi in hopes of currency appreciation.

Cash-starved Chinese property developers that were active in the US dollar market at the start of the year have now turned to the dim sum market amid improved prospects for renminbi appreciation. For these borrowers, the dim sum market offers attractive funding levels and also helps them avoid a currency mis-match.

This week, four developers Lai Fung Holdings, Golden Wheel Tiandi, Kaisa and Future Land Development tapped dim sum investors for funds. Mainland property developers...

To continue reading, please login or register for free

Click for more on: dim sum bond | chinese property

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...