Market reopens for China builders

摘要

The international equity markets reopened for China's property sector last week, as state-owned china resources land and smaller peer yuzhou properties each completed share sales. CR Land's HK$10.1bn (US$1.3bn) top-up placement last Tuesday was the first sizeable follow-on from a Chinese property company in more than two years, after Evergrande Real Estate raised US$561m from a similar exercise in January 2013.