Record selloff in conglomerate #fosun International dollar bonds (off 21 per cent) a sign financial stress among #communist China’s property developers is spreading.

Steep losses alongside fresh selloff in #shanghai and Macau’s casino operators, pushing #China’s junk dollar debt market into a new, low phase.

Some Chinese owners are trying to find the way out of the mess investing remaining profits in #Australia’s and New Zealand’s real estate market.

But, this time is different. Last year, both countries introduced comprehensive deep-security-screening regulations related to any capital transfer from Communist China.

Under these rules, only 5 per cent of Chinese investment qualified for Australia’s and New Zealand’s market in the first quarter of 2022.

#newzealand #finance