China’s real estate uncertainties persist, fueling market anxiety

• While the plunge in Evergrande’s shares has abated, the volatility in other Chinese real estate companies has continued this month.
• The consensus among economists is that the real estate slump is contained, since it’s driven by a top-down government decision to limit reliance on debt in the property industry.
• Foreign investors say they are largely in the dark, rather than receiving timely corporate disclosures or clarity on policy.

BEIJING — Wild swings in Chinese real estate stocks and bonds are keeping investors on edge — these news headlines could cause troubles in the sector to spill into the rest of the economy, says S&P Global Ratings.

While the plunge in Evergrande’s shares has abated, the volatility in other Chinese real estate companies has continued this month.

On Thursday, Kaisa shares briefly popped 20% after news it could stave off default. On the same day, a Shanghai-traded bond from developer Shimao plunged 30%, reminiscent of a sharp sell-off in the company’s bonds earlier this month.

www.cnbc.com/2021/11/26/chinas-real-estate-uncertainties-persist-fueling-market-anxiety.html