Chinese Real Estate Companies Test Offshore Bond Markets

Chinese property companies returned to the offshore bond market in January after a five-month absence as a raft of support policies for the sector started to take effect, data from a real estate think tank show.

Three developers raised a combined 6.73 billion yuan ($996 million), excluding refinancing bonds, although that was 21.2% less than a year earlier, China Index Academy Ltd., a property consultancy, said in a Tuesday report.