The liquidity crisis at Evergrande, China's No. 2 developer, which has $300 billion in debt and has missed a series in bond payments, has roiled global markets.
HONG KONG: Chinese property bonds remained firm on Tuesday after two major developers made coupon payments, though the market remained focused on the potential for default by China Evergrande Group this week.
The bond market has responded positively to comments from China's central bank on Friday and Sunday saying that spillover effects from Evergrande's debt problems on the banking system were controllable and that China's economy was "doing well".
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