A rebound in the Chinese property sector, spurred by the post-COVID reopening and government support, was short lived, and the prospect of a broad recovery in 2023 seems unlikely due to high leverage and excess housing stock in lower-tier cities. As a result, investing in the Chinese property bond market is challenging. But we see light at the end of the tunnel. Although the opportunity set has narrowed significantly, with more than half of developers we cover in deep distress (some facing default), we expect surviving developers to be less levered and more cautious about their future development, resulting in a healthier investment environment.
Investment Management
Navigating China’s Property Market
Delivered to Your Inbox
Stay up-to-date with the latest William Blair news and insights
More News and Insights
William Blair’s Private Capital Advisory Group Expands to Europe
William Blair announced today that the firm’s Private Capital Advisory team is expanding into Europe with the addition of two senior hires focused on fund placement and advisory.
Read moreWilliam Blair’s Private Capital Advisory Group Adds Senior Banker in Boston
William Blair announced today the continued growth of the firm’s Private Capital Advisory team with the addition of Daniel Budde as a senior director based in Boston focused on fund placement and secondary advisory.
Read moreCardinal Logistics Has Been Acquired by Ryder
William Blair acted as the exclusive financial advisor to Cardinal Logistics, a portfolio company of H.I.G. Capital in connection with its sale to Ryder System, Inc.
Read more