Kaisa bonds jump as China vows to put Shenzhen in elite 'forest'

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Kaisa bonds jump as China vows to put Shenzhen in elite 'forest'

Shenzhen_2_230PX
abstract silhouette of the city with text Shenzhen at the vintage chinese flag background | luzitanija - Fotolia

The price of real estate developer Kaisa Group Holdings' dollar bonds climbed after China announced a detailed plan over the weekend to develop the company's hometown, Shenzhen.

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