Residential buildings under construction in Shenzhen, China, on Tuesday, Aug. 23, 2016.
Qilai Shen | Getty Images
China’s housing market is showing signs of recovery after the coronavirus crisis and analysts say that offers bond investors opportunities as developers get back on their feet.
“Urbanization and upgrading are key demand drivers. Property prices are recovering and developer profitability is improving,” Hayden Briscoe, head of fixed income for Asia Pacific at UBS Asset Management, said in a briefing on the firm’s mid-year outlook earlier this month.
Briscoe said the firm is positive on larger developers, which are growing market share as smaller players exit the…