Free Trial

China Expands Support To Improve Private Developer Financing

CHINA PRESS
MNI (Singapore)

The scope and scale of debt financing support for private property developers is expected to be expanded as the financing environment shows signs of recovery, China Securities Journal reported. The People’s Bank of China has provided funds through re-lending programs to support private developers’ bond issuance with credit enhancement and credit risk mitigation certificates, which is expected to support about CNY250 billion of bond financing, the newspaper said. The total non-bank financing of developers was CNY55.68 billion in October, a rise of 16.4% y/y, the first positive growth since this year, the newspaper said citing data from China Index Academy.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.