HONG KONG -- China's indebted real estate developers are rushing to list their property management arms on stock exchanges, pushed by eager investors and Beijing's new restrictions on unbridled borrowing.
IPOs raise $5bn this year, favored by investors over debt-laden parent companies
The property management unit of Sunac China debuted on the Hong Kong stock market on Nov. 19. © Reuters
HONG KONG -- China's indebted real estate developers are rushing to list their property management arms on stock exchanges, pushed by eager investors and Beijing's new restrictions on unbridled borrowing.