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CSRC Likely To Help Tame Property Market and Debt Risks

CHINA PRESS
MNI (Singapore)

China Securities Regulatory Commission may introduce more abundant financial tools to meet the financing needs of real-estate companies and help resolve debt risks of local-government financing vehicles, said Zhang Jun, chief economist at Galaxy Securities. The politburo meeting this week emphasised the importance of maintaining the stable and healthy development of the real estate market and preventing local-debt risks with a package of debt-resolving plans. The capital market can help alleviate pressure on LGFVs in debt-strapped regions by revitalising outstanding assets via asset securitisation, said Zhang. (Source: 21st Century Business Herald)

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