The offshore bondholder group, which is represented by Lazard advisory group, made the offer to buy Kaisa's stalled projects to the developer's advisor CITIC Securities, sources said
The Shanghai Stock Exchange now requires 100% of proceeds from green bond issues to be invested in green projects such as clean energy, compared with at least 70% previously.
Shares of Longfor, CIFI and Country Garden all jumped by more than 15% in morning trading on Tuesday. The Hang Seng Mainland Properties Index climbed 9.2%.
The central bank is likely to hike its policy rate by 60 basis points by December, indicating 10-year yields may test a three-year high in coming months, says ICICI Securities Primary Dealership.
China's $20 trillion bond market has suffered continuous foreign outflows since February amid rising geopolitical tension and lingering Covid outbreaks
The tally for 2022 bond defaults in China has passed $20 billion, largely because of the debt crisis in the property market. Defaults totaled $9 billion last year.
Beijing will undertake multiple measures to boost risk the strength of small and medium-sized banks, a newspaper report said, citing a CBIRC official
The city-state's debt markets are on course for the biggest year of bank-capital raising in more than a decade
Evergrande said it is in negotiations with bondholders to reach a deal as soon as possible, its statement to the Shenzhen Stock Exchange showed
Rising interest rates and Chinese property sector uncertainty have prompted Asia-Pacific companies to take out bank loans instead of bond market issuances, new data show
In a proposal to bondholders, Hong Kong-listed Powerlong aims to pay 5% of principal on the due date of the bonds, 15% after six months, and the final 80% after 12 months, sources said.
China bonds registered $2.5 billion of outflows last month, the fifth consecutive month of foreign outflows, but over $9.1 billion of foreign inflows went into China's stock market in June, the IIF said