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Private Developers Likely To Get More Financing Support - Journal

CHINA PRESS
MNI (Singapore)

Some private property developers are expected to receive a second round of credit enhancement to support continued debt issuance, the China Securities Journal reported. Some non-leading private developers are working with China Bond Insurance Co Ltd, indicating that regulatory authorities are expanding the scope of financing support, the newspaper said citing Liu Shui, a research head at the China Index Academy. A peak in debt repayments is coming with the maturing of bonds issued by 200 core developers reaching CNY181.2 billion in Q4, among which overseas debt accounts for about CNY61.7 billion, the newspaper said citing data from China Real Estate Information Corporation.

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