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07:36am	Chinese Central Bank's New Policy Tools Let It Act More Like the Fed	DJ
06:03am	China's yuan slips on economic weakness despite tight offshore funding	RE

Chinese developer Country Garden bond halted trading after 20% drop - Shenzhen exchange

July 25, 2023 at 10:48 pm

SHANGHAI, July 26 (Reuters) - Trading of Chinese property developer Country Garden Holding's Shenzhen-listed bond was halted on Wednesday after a more than 20% drop in price, the Shenzhen stock exchange said in a statement.

The bond dropped 21% to 30 yuan, while another bond issued by the firm slumped 50% to 30.1 yuan, exchange data showed.

Country Garden, one of China's biggest property developers, recently saw its share and bond prices fall amid concern of cash crunch. (Reporting by Shanghai Newsroom; Editing by Christopher Cushing)

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
TOPIX INDEX	2,904 PTS	+0.34%	+0.31%	-
SHENZHEN STOCK EXCHANGE A SHARE INDEX	1,686 PTS	+0.49%	+1.50%	-
US DOLLAR / CHINESE OFFSHORE YUAN	7.287 CNH	+0.20%	-0.01%	-
COUNTRY GARDEN HOLDINGS COMPANY LIMITED	0.485 HKD	+1.04%	-.--%	1.72B

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