China housing frenzy spurs fund managers to favour property bonds
They believe the government will continue with measures to support the industry
Thu, Mar 10, 2016 - 5:50 AM
Home prices in Shenzhen, China's southern business hub, have jumped 52 per cent over the past year, while those in Shanghai surged 18 per cent, prompting the official Xinhua News Agency to warn against "panic" buying.
THE home-buying frenzy in Shanghai and Shenzhen is spurring China's fund managers to load up on property bonds.
Yuan-denominated real estate notes returned 2 per cent this year, third only to electric and oil service companies among Chinese corporate securities, according...