Central China flies the flag for Chinese property

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Central China flies the flag for Chinese property

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Visitors look at house models during the 37th Chengdu real estate fair in Chengdu in southwest China's Sichuan province on Friday, April, 29, 2011. China is studying ways to control developers profits to keep home prices at a reasonable level, according to the National Development and Reform Commission.(Photo By Evens Lee/Color China Photo/AP Images) | Evens Lee/ColorChinaPhoto/AP/Press Association Images

The Asian bond market is in full throttle this week with a flush of new issuance from mostly investment grade names. But the high yield sector was not to be outdone with Central China Real Estate printing a red hot $300m bond that was close to 12 times covered.

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