fbpx

Type to search

Few Developers Qualify For China’s New Bond Scheme – Caixin

Developers that have already missed debt repayments may not qualify for the programme, industry sources said to Caixin Global.


A huge package of Treasury bonds will be issued in the fourth quarter, and billions outlaid on infrastructure projects, in a bid to revive the economy.
A huge package of Treasury bonds will be issued in the fourth quarter, and billions outlaid on infrastructure projects, in a bid to revive the economy. Reuters file photo.

 

Many of China’s property developers will miss out on the government’s offer to guarantee their bonds via a state-owned enterprise (SOE), Caixin Global reported.

Developers have already missed debt repayments which means they may not qualify for the programme, industry sources said in the report. More will be required to support the beleaguered sector as a whole, it added.

Read the full report: Caixin Global.

 

 

Read more:

China Home Prices, Property Investment Drop Further in August

China Property Bonds Being Shunned Over Default Danger

China Research Body Retracts High Property Vacancy Report

 

 

 

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

logo

AF China Bond