Trading of Chinese property developer Country Garden Holding's Shenzhen-listed bond was halted on Wednesday after a more than 20 percent drop in price, the Shenzhen stock exchange said in a statement.

The bond dropped 21 percent to 30 yuan, while another bond issued by the firm slumped by half to 30.1 yuan, exchange data showed.

Country Garden, one of China's biggest property developers, recently saw its share and bond prices fall amid concern of a cash crunch. (Reuters)