Free Trial

Property Financing Surges in Sept-Oct: Daily

CHINA PRESS

Domestic bond issuance by Chinese property developers rose 56.9% y/y from September to Oct. 29 to CNY101.75 billion, taking the total for the year to CNY628.35 billion, up 20.5% y/y, the Securities Daily reported on Friday citing data from Wind. Land premiums in Q4 were likely to drop as developers with higher debts slow land acquisition and focus on debt reduction, the Daily reported citing Wang Xiaoqiang, a data analyst from Zhuge Zhaofang. The increasing debt issuance during September and October reflected companies' utilization of the policy window before new regulations and the relatively low financing costs, Wang said.

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.