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China's property bonds offer good returns

US$ securities advance in line with housing market demand

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BOOMTOWN New home sales in Beijing almost doubled in the Oct 1-7 holidays from a year earlier, while business in Shanghai increased as well. Average daily transaction volumes in the period surged 50% in 12 of 32 major cities. - PHOTO: REUTERS

Hong Kong US DOLLAR bonds issued by China's developers are delivering five times the global average for debt denominated in the US currency as housing demand strengthens in the world's most populous nation. Property securities, which account for 32 per cent of the Bank of America Merrill Lynch

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