The threat of the omicron variant is becoming real for many of Asia’s biggest countries just as it looks set to subside in some Western nations, and that’s complicating investors’ search for winning share bets in the region.
Investors search for safe havens as Omicron takes hold in Asia bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Chinese companies ’dollar bonds are successful as Beijing tightens credit
When China Fortune Land Development lost $ 530 million in payments in February, the real estate developer was in no hurry to tell investors.
“They never said‘ we defaulted, ’” recalled one of the company’s offshore investors, who only found out through a third-party trustee. that they.
Chinese Fortune, which builds industrial parks and owes another $ 4 billion, is one of the largest companies in the country under pressure to pay back as Beijing tightens credit conditions. With Chinese companies in international markets with more than $ 100 billion in debt in international markets this year, global investors have a huge advantage.