Private equity groups are planning to cut their exposure to Chinese real estate as concerns mount over the health of the sector following the default last week of indebted developer Evergrande.
Coller Capital, a London-based private equity specialist, said in a report on Monday that almost a third of groups with exposure to China would decrease their investments in the country’s real estate sector over the next three years. Not one investor said they planned to increase their investments.
The report came days after Evergrande, the world’s most indebted property group, was downgraded to “restricted default” by rating agency Fitch.
Investors have been trying to gauge how far the contagion from Evergrande’s default will spread after a number of rival developers missed offshore bond payments in recent months. The sector has come under heavy pressure in the past year after Beijing unveiled a “three red lines” policy to curb developer debt.
“Potential defaults and liquidity problems of large developers have ignited concerns about a system-wide contagion affecting not just the property sector but the entire supply chain,” said Manishi Raychaudhuri, Hong Kong-based head of Asia-Pacific equity research at BNP Paribas Securities.
The Coller report also showed that more than a third of investors with exposure to Asia outside China planned to invest more heavily in other parts of the region.
Signs that the Evergrande default would disrupt Chinese markets intensified on Monday, with the Hang Seng Mainland Properties index, which tracks 10 of China’s biggest developers, falling as much as 3.6 per cent.
Shares in Shimao Group, one of China’s biggest developers, fell as much as 13.8 per cent, while Sunac China Holdings, another developer, dropped 7.9 per cent.
Sunac came under scrutiny after a draft letter to a local government warned it was facing liquidity issues.
Fantasia Holdings, a midsized developer whose shares resumed trading on Monday after a two-week suspension, fell as much as 9.4 per cent before clawing back losses to trade flat. Fantasia defaulted on a $206m bond in October.
The market sell-off contrast sharply with last week, when the initial reaction to news of Evergrande’s missed payment on bond coupons totalling $82.5m was tempered by signals that Beijing would offer policy support to the struggling sector.
But investors were disappointed on Friday, after Chinese economic policymakers declared that “property is for living, not speculation”, repeating a mantra used to justify the restrictions on developer leverage.
order levofloxacin for sale order levofloxacin 500mg online
isosorbide 40mg for sale order imdur for sale buy telmisartan 80mg pills
amlodipine online order cialis 40mg sale cialis 20mg pill
orlistat 120mg generic buy diltiazem 180mg without prescription acyclovir over the counter
gloperba uk cost gloperba online casino usa
cephalexin 125mg without prescription order erythromycin generic erythromycin without prescription
oral cialis cheap tadalafil pills viagra fast shipping
purchase viagra without prescription order cialis 10mg online cheap buy cialis 5mg pills
purchase sildalis sildalis drug buy lamotrigine 50mg pill
azithromycin 500mg for sale cost azithromycin 250mg neurontin 600mg drug
purchase furosemide cost furosemide 100mg order plaquenil 200mg generic
purchase tadalafil online cheap tadalafil cheap indocin 75mg ca
terbinafine price trimox 500mg for sale purchase amoxicillin generic
brand naproxen cefdinir 300mg pills prevacid 15mg for sale
purchase biaxin without prescription clarithromycin 500mg us buy meclizine 25 mg online
proventil cost ciprofloxacin 500mg usa cipro 1000mg over the counter
tiotropium bromide ca buy minocin 100mg online cheap order terazosin 1mg for sale
singulair 10mg canada order viagra generic sildenafil online buy
order actos 15mg online cheap buy pioglitazone 30mg generic viagra sildenafil 200mg
cialis 10mg tablet cialis uk tadalafil 40mg tablet
tadalafil 5mg sale Cialis once daily online poker
stromectol 3mg cost buy dapsone 100mg sale avlosulfon 100 mg cheap
online casino games playing poker online for money best casino games
buy adalat 10mg generic order adalat 10mg generic order fexofenadine 180mg pill
gambling casino online casino slot casino real money
purchase ramipril generic glimepiride usa cost arcoxia 120mg
doxycycline oral albuterol without prescription buy cleocin 300mg without prescription
help with writing a research paper how to write my thesis buy azulfidine 500mg for sale
order asacol sale asacol tablet avapro 300mg brand
benicar us olmesartan medication buy generic depakote 500mg
temovate usa clobetasol oral order cordarone 200mg without prescription
purchase acetazolamide cheap diamox purchase azathioprine online
digoxin 250 mg pills molnupiravir generic order molnupiravir without prescription
order amoxil 250mg generic stromectol online order ivermectin online
buy dapoxetine 90mg priligy 60mg pills brand domperidone 10mg
order alendronate nitrofurantoin ca ibuprofen 600mg oral
indomethacin sale cenforce sale order generic cenforce 100mg
buy nortriptyline 25 mg sale panadol 500 mg ca order paxil 10mg
doxycycline for sale purchase chloroquine methylprednisolone tablets
pepcid 20mg us buy remeron 30mg for sale buy mirtazapine 15mg online
ropinirole 1mg uk rocaltrol 0.25mg for sale purchase trandate
canadian pharmacy online no prescription needed
buy fenofibrate pill order tricor 200mg for sale buy sildenafil pill
nexium 20mg over the counter biaxin online order lasix 40mg sale
cheap cialis pills Real cialis without prescription order viagra 50mg sale
minocin drug order hytrin 1mg generic order hytrin
buy tadalafil 10mg without prescription take cialis medication for ed
metformin usa cost nolvadex tamoxifen brand
provigil pills stromectol 12mg canada order phenergan without prescription
buy clomiphene 100mg generic purchase clomiphene generic prednisolone 5mg tablet
order prednisone 20mg generic buy amoxil 250mg sale amoxicillin 1000mg for sale
isotretinoin online buy prednisone 5mg drug order generic ampicillin 250mg
new ed pills order pregabalin online finasteride 1mg for sale
stromectol generico buy deltasone without prescription prednisone 5mg without prescription
zofran 8mg for sale brand amoxicillin 250mg buy bactrim 480mg generic
purchase accutane without prescription order accutane 20mg generic azithromycin 500mg for sale
order albuterol without prescription purchase levothroid for sale augmentin 625mg over the counter
buy prednisolone 40mg generic order neurontin 600mg generic purchase furosemide
buy modafinil for sale buy lisinopril 5mg generic where to buy lopressor without a prescription
doxycycline 200mg price buy doxycycline 100mg pill zovirax cheap
dutasteride us orlistat 120mg pills buy xenical 60mg online cheap
buy imuran 50mg purchase telmisartan online order naprosyn 250mg generic
order oxybutynin 2.5mg online buy ditropan 2.5mg sale trileptal pill
cefdinir 300mg cost brand prevacid 30mg order pantoprazole 20mg without prescription
purchase zocor online sildenafil overnight sildenafil 25 mg
avlosulfon 100mg brand buy asacol online cheap order generic tenormin 50mg
order uroxatral online cheap order diltiazem generic diltiazem 180mg cost
sildenafil pills 100mg viagra next day delivery usa tadalafil 10mg oral
ezetimibe price tetracycline 250mg for sale order methotrexate 10mg without prescription
reputable canadian pharmacy online
promethazine buy online order phenergan online order tadalafil 40mg pill
purchase coumadin generic zyloprim 100mg usa cheap allopurinol 300mg
zyrtec 5mg us sertraline over the counter purchase zoloft
cenforce 100mg drug buy glucophage sale metformin ca
lexapro 10mg sale buy fluoxetine 20mg pills order revia 50mg online
atorvastatin 40mg canada cheap viagra generic cheap viagra 100mg
buy letrozole 2.5 mg pills sildenafil pills 50mg viagra us
buy cialis 10mg generic tadalafil 20mg price mens erection pills
purchase cialis pills real tadalafil buying ed pills online
ivermectin usa prednisone 5mg price buy accutane 10mg for sale
provigil usa where can i buy promethazine buy deltasone 20mg sale
pharmacy world
accutane 40mg oral buy azithromycin 250mg pills buy generic azithromycin online
online prescriptions canada without
neurontin 800mg pills buy gabapentin 100mg pill doxycycline 100mg ca
clomid 100mg price order clomiphene generic where to buy hydroxychloroquine without a prescription
buy doxycycline without a prescription albuterol ca augmentin 1000mg over the counter
tenormin cost buy atenolol 100mg online cheap femara usa
list of canadian pharmacies online
buy generic synthroid buy vardenafil generic vardenafil sale
oral albendazole 400 mg buy medroxyprogesterone 5mg pills buy generic provera
order glucophage online glucophage 500mg without prescription amlodipine online
order biltricide for sale biltricide 600 mg brand cyproheptadine 4 mg us
buy zestril paypal order prilosec 10mg without prescription brand metoprolol
cost lyrica 75mg buy dapoxetine 90mg generic buy priligy tablets
online drugstore
order methotrexate 5mg generic methotrexate price buy reglan tablets
order orlistat 120mg buy orlistat 60mg pill buy allopurinol online cheap
purchase hyzaar online buy esomeprazole 40mg pill buy topiramate generic
buy rosuvastatin 20mg pill buy rosuvastatin 10mg without prescription motilium 10mg oral
sumatriptan 50mg without prescription cheap sumatriptan 25mg dutasteride sale
buy sumycin 250mg for sale cyclobenzaprine 15mg usa baclofen 25mg uk
buy toradol 10mg generic purchase toradol generic buy inderal pill
zantac 150mg tablet buy celebrex medication order celebrex
clopidogrel without prescription buy luvox no prescription nizoral brand
tamsulosin 0.4mg uk ondansetron 4mg ca brand spironolactone 25mg
buy duloxetine pill glipizide 5mg oral nootropil without prescription
aarp canadian pharmacy
buy betnovate 20gm for sale purchase sporanox sale cheap itraconazole
canadian online pharmacies ratings
buy ipratropium 100 mcg generic buy dexamethasone 0,5 mg online zyvox over the counter
online canadian pharmacy no prescription needed
progesterone 200mg cheap buy generic prometrium order zyprexa 10mg generic
canada drugs online
order bystolic pills clozaril 50mg pill clozaril online
buy nateglinide 120 mg without prescription atacand 16mg us atacand without prescription
simvastatin 10mg usa order valacyclovir 1000mg buy viagra pill
buy carbamazepine 200mg online cheap order carbamazepine 400mg online cheap lincocin 500 mg ca
buy tadalafil 10mg pills Discount viagra no rx canadian viagra and healthcare
us canadian pharmacy
buy generic diflucan buy diflucan 100mg online cheap buy cipro online
estrace 2mg drug where to buy estradiol without a prescription buy prazosin generic
I have been looking for articles on these topics for a long time. majorsite I don’t know how grateful you are for posting on this topic. Thank you for the numerous articles on this site, I will subscribe to those links in my bookmarks and visit them often. Have a nice day
buy generic flagyl buy bactrim 480mg generic keflex canada
cheap cleocin 150mg cheapest ed pills online order sildenafil 50mg without prescription
tamoxifen price oral rhinocort cefuroxime ca
buy indomethacin sale order cefixime pill cefixime 100mg over the counter
order careprost online cheap desyrel 100mg price buy trazodone 100mg pills
trimox 250mg brand order generic anastrozole order clarithromycin 250mg pill
order catapres 0.1mg generic how to buy meclizine order generic tiotropium bromide 9 mcg
order sildenafil 100mg online cheap sildenafil canada sildenafil 100mg price
buy minocycline 100mg generic hytrin 1mg without prescription actos 15mg pill
buy isotretinoin 10mg pills brand amoxil 250mg azithromycin pill
order leflunomide generic arava 20mg oral order sulfasalazine 500 mg generic
azithromycin price azipro 250mg uk buy gabapentin 100mg pills
cheap cialis 10mg cheap viagra cheap tadalafil without prescription
oral furosemide doxycycline 100mg over the counter ventolin brand
stromectol for humans for sale order generic stromectol 6mg order prednisone 10mg generic
buy vardenafil without prescription vardenafil online hydroxychloroquine generic
ramipril sale brand amaryl 4mg arcoxia uk
buy levitra without prescription order vardenafil for sale hydroxychloroquine order online
order asacol 400mg online cheap order asacol generic irbesartan 150mg for sale
benicar 10mg pills order generic verapamil 240mg order divalproex 500mg online cheap
temovate ca buspirone 5mg us buy cordarone 200mg without prescription
acetazolamide 250mg generic cost isosorbide purchase azathioprine for sale
carvedilol generic chloroquine ca chloroquine pill
lanoxin medication purchase molnupiravir generic where to buy molnupiravir without a prescription
Way cool! Some very valid points! I appreciate you writing this post and the rest
of the site is very good.
Feel free to surf to my site free mp3 download
order naproxen 500mg online prevacid 30mg for sale buy lansoprazole for sale
buy proventil for sale pyridium pill pyridium 200mg pill
I pay a visit every day a few websites and blogs to\r\nread articles, except this website provides feature based content.\r\n\r\nAlso visit my site : youtube to mp3
buy baricitinib paypal order baricitinib without prescription buy lipitor 80mg
montelukast us singulair where to buy buy dapsone 100 mg pills