China Protests Could Disrupt Property Bonds Recovery

Published 28 November 2022, 03:16:27.107 GMT

(Bloomberg) -- Protests in China against Covid curbs could disrupt short-term investor confidence just as some developers’ dollar bonds have been recovering amid new vows of bank lending support, according to Lucror Analytics.

* “The level of disruption will depend on how widespread and enduring are the protests, and what level of force Beijing applies to suppress them,” said Charles Macgregor, head of Asia at the independent research firm

* The protests may be beneficial to the credit market in the longer run “should Beijing adopt a more relaxed approach to controlling Covid”

By Lorretta Chen