Chinese property companies that survived the debt peak in 2022 may not be able to get through 2023. Meanwhile, although a research institute says that China’s housing companies have “seen the dawn,” most private real-estate companies still fail to issue bonds.
On Feb. 7, Guangzhou Times Holding Group Co. Ltd. announced that it would suspend trading in its bonds from the following day due to uncertainty over major issues. The company also announced on the same day that it will transfer nine corporate bonds (pdf) with a total issuance amount of 10.09 billion yuan ($1.5 billion) starting from Feb. 10. One of the bonds was issued in 2019, while the remaining eight were issued in 2020….