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Chinese developer to bring Xiongan frenzy to offshore investors
Published Mon, Apr 17, 2017 · 09:50 PM
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Hong Kong
DAYS after plans for a new economic hub south of Beijing ignited a frenzy among mainland investors, a Chinese property company with links to the zone has unveiled plans to sell overseas bonds.
China Fortune Land Development stands to benefit from the central government's Xiongan New Area project, announced on April 1. The company said on April 6 it planned to raise US$1 billion through its first offshore bond offering.
The local government has given Fortune Land, which is based in Hebei province where the special economic zone will be built, the task of developing some 500 square kil…
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