Chinese developer to bring Xiongan frenzy to offshore investors

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.