The debt woes of private Chinese developers have reverberated across their Hong Kong-listed counterparts in the past two years. Last month, HKEX-listed developer, Times China Holdings, announced its default on US dollar senior notes due 2023 and 2024, joining the fate of peers, China Evergrande Group and Kaisa, who suffered back in 2021.
Among those Chinese property developers active in the sector so far this year, only Dalian Wanda Commercial Management has issued two tranches of offshore US dollar bonds totalling $700 million. But it is worth noting that the firm is focussed is on the management of retail premises rather than property construction and development, Iris Chen, a...
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