A pedestrian walks past apartment buildings at the City Plaza development of the highly indebted China Evergrande Group in Beijing. Photo: Bloomberg
Wealthy investors likely to shun high-yield bonds amid Evergrande debt crisis until second half of 2022, analysts say
- Highly leveraged property developers – including China Evergrande, Kaisa and Fantasia – are facing severe liquidity crunch
- High-net-worth customers have shifted to other investments such as yuan-denominated products and US stocks
A pedestrian walks past apartment buildings at the City Plaza development of the highly indebted China Evergrande Group in Beijing. Photo: Bloomberg
