China property sector could see "significant" policy easing -BNP Paribas

Evergrande, one of the biggest developers in the midst of a restructuring, down 89% in 2021. Evergrande carries about $300 billion in liabilities

NEW YORK: China's real estate sector will likely see "significant easing" in the policies that govern it, BNP Paribas Asset Management said, months after starting to build a long position in that sector's debt.

"We are of the view that we are at a major inflection point in terms of policy and we are likely to see some significant easing," said Jean Charles Sambor, head of emerging market fixed income at BNP Paribas Asset Management (BNPPAM) in London.