HONG KONG -- Even as China Evergrande Group's bonds have fallen toward 25 cents on the dollar amid worries the developer will default, fund managers including BlackRock, UBS and HSBC Holdings have been increasing their holdings of the debt.
China debt crunch
BlackRock, UBS and HSBC Evergrande bond holdings rise
Chairman Xu Jiayin says company will 'walk out of its darkest moment'