China's Real Estate Sector in Trouble
T Rowe Price's Weight on China Property Bonds is Neutral Vs the Benchmark
Even if Country Garden sidesteps a default in the short-term, T Rowe Price Asia Credit Bond Strategy’s Sheldon Chan expects the sector's pain to continue.
Market Watch
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Does it Even Matter if China is Stuck?
The emerging market benchmark has a massive weighting to China, with India half that. Does that mean the world is changing faster than indices can react?
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What Economists Think a China Downturn Could Mean for the Rest of the World
What impact will weaker manufacturing prices and muted property sales have on other economies?
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What Makes a Bond Distressed? Do Your Funds Own Them?
Our manager research team answers, with near-default Country Garden as an example.
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Country Garden Posts Record Loss - the Morningstar View
Our latest estimates for the Foshan-based developer and its property management subsidiary.
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Which Funds Own Country Garden’s Near-Default Bonds?
As the date for Country Garden’s coupon payment draws nearer – a payment on which the company is likely to default – seven funds for sale in Hong Kong are stuck with the securities.
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China Overseas Land & Investment: Stock of the Week
After Country Garden’s financial troubles, China Overseas is our top developer pick.
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Country Garden: Stock of the Week
The company has a 30-day grace period before its missed coupon payments constitute a default. We think a default is likely.
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Country Garden is Likely to Default
We trimmed our Fair Value estimate because of the increased likelihood of default and subdued profitability.
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Are Managers Buying Riskier China Property Bonds?
Some are, considering it a calculated risk, but others prefer to stay safe.
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Country Garden Services: Stock of the Week
The worst is over for the five-star rated stock.
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Forget Alibaba. China Managers Are Adding to These Smaller Names
For investors who want to pounce on lesser-known names, read on!
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Two Sessions: Markets Waiting for China’s Growth Targets
As the country’s top legislature and advisory bodies meet starting March 4, will they announce a growth target of ‘around 5%’ or ‘at least 5%’?
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Expect an ‘N-Shaped’ Recovery in China Equities
Investors could look at the retreat as in entry point for China equity, even as multi-asset managers are prepping for the next leg of rally.
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China Grows 3% In 2022
The reading misses the official target but is above expectations.
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How Much Did Bond Funds Reduce Exposure to China Property?
It’s almost a year since the Evergrande crisis unfolded. How have managers changed their allocations to the sector, if at all?
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Mortgage Boycott Has Limited Risk on Chinese Banks
The possibility of actual default is low, but the boycott will further slow the recovery of the troubled property sector.
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Is It Time to Return to China Property?
We talked about China real estate to four fixed income managers who focus on Asia and China.
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Sunac China’s Fair Value Slashed by 97%
After missing its USD bond payment, the one-star-rated developer earns an extreme uncertainty rating.
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Medallist Manager’s Strategy to Brave China Volatility
First Sentier's Martin Lau stays the course and looks for high quality names.
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Best-Performing Chinese Stocks Amidst the Correction
Two names made it to the top of the charts, each gaining more than 40% so far this year.
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China Stocks: The Road to Nowhere
Where are the shareholders' yachts?<
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China Property Likely to Enter ‘Structural Decline’
We've dropped our fair value estimates for 6 Chinese Developers.
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More Homeowner Tax Coming
Analysts say the expansion of the property tax pilot scheme is 'untimely', but poses limited marginal impacts on the sector.
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Evergrande Avoids Dollar Bond Default
The firm settles a US$83.5 million coupon payment a day before the grace period ends.
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Is Fantasia’s Collapse a Sign of Worse to Come?
Fund managers see the stresses on China’s property market as temporary and are on the hunt for bargains.
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Evergrande Crisis: Fund Manager Reaction
Morningstar analysts have produced a comprehensive report on the Evergrande crisis and which fund managers are exposed to the Chinese company - and which have kept their distance.
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The Evergrande Crisis Explained
Fears are mounting the collapse of one of China's real estate juggernauts could infect global markets.
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The Other Evergrande Bond Issuers
The troubled real estate developer has been issuing bonds through its listed entity, as well as through subsidiaries. What’s the real Evergrande representation in portfolios?
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Who’s Buying Evergrande’s Bonds?
Blackrock, HSBC and UBS have been accumulating Evergrande bonds over the past few months.
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Does Evergrande Put Chinese Banks in Peril?
The liquidity crisis in the Chinese property space looms large. Which banks will be most impacted?
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Red Flags On Indebted Chinese Developers
With restricted financing remaining a key risk, larger and more solvent names will fare better amid sector consolidation.
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China Banks Earnings in Line with Estimates
Analysts see larger banks to continue credit quality improvement despite liquidity tightening.
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3 Investments That Are Riskier Than You Think
EM bonds, country tracker funds and small caps can yield extra returns. But investors must know how to handle them.
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Is China Coming Up Against a Great Wall?
China’s potential economic stagnation could be to India’s advantage.
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Chinese Equity Market: 2001 Vs 2021
Are there any changes in these 20 years?
