Chinese developers bonds and stocks have seen gains, but investors are skeptical about the potential of Beijing s latest funding plan for 50 real estate firms to help revive the property sector. The plan does not directly direct banks to extend loans to developers, and the list of eligible developers may exclude state-owned and distressed firms.
Two of China’s largest property developers, Country Garden Holdings Limited (OTC: CTRYF) (OTC: CTRYY) and China Evergrande Group (OTC: EVGRF) are f