Shanghai
DEVELOPERS are leading returns in China's bond market this half and planning more offerings as Premier Li Keqiang opens financing channels and eases property restrictions to shore up the slumping industry.
Yuan-denominated real estate securities advanced 4.3 per cent since June 30, the most among sectors that have more than one bond in Bank of America's China corporate index.
At least 12 home builders including China Vanke, the nation's biggest, have said since early September that they aim to raise 76.7 billion yuan (S$16 billion) in the interbank market. Regulators last month said that they will allow such offerings for the first time, according to China Investment Securities.
Builders...