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JPMorgan picks larger China developers

Cooling property market seen as a chance to boost dollar bond holdings

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Downtrend: Home prices declined in 35 of China's 70 cities last month from April, the most since May 2012. In Shanghai, prices decreased 0.3 per cent, the first drop in two years, while they fell 0.2 per cent in Shenzhen. - PHOTO: BLOOMBERG

[HONG KONG] JPMorgan Asset Management and Invesco Asset Management say China's cooling property market is an opportunity to boost dollar bond holdings as the government's targeted stimulus benefits the largest developers. Chinese real-estate companies accounted for six of the 10 best-performing