Bigger Chinese real estate firms are gaining market share and more discriminatory credit markets are partly the reason why.

Chinese offshore property bond issuance has more than doubled this year, while the average yield-to-maturity for non-investment grade bonds in the sector has risen to its highest level ever.

Escalating global trade tensions stop a tentative rally in its tracks, overpowering the positive impact of declining issuance and rebounding Treasuries.

Fed schmed. Guorui Properties sells a tightly-priced three-year bond just ahead of US interest rate meeting.