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MNI BRIEF: China's Securities Watchdog Offers Property Support

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MNI (Beijing)
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China’s top securities regulator said it will focus on serving the real economy and monitor the difficult challenges facing the real estate industry, according to Yi Huiman, chairman of the China Securities Regulatory Commission speaking at the Financial Street Forum 2022.

The CSRC will support both the implementation of plans to improve the balance sheets of high-quality real estate developers and reasonable bond financing needs. It will also support real estate-related companies to carry out mergers and acquisitions, and assist enterprises with a certain proportion of real estate-related businesses to undertake equity financing, said Yi.

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China’s top securities regulator said it will focus on serving the real economy and monitor the difficult challenges facing the real estate industry, according to Yi Huiman, chairman of the China Securities Regulatory Commission speaking at the Financial Street Forum 2022.

The CSRC will support both the implementation of plans to improve the balance sheets of high-quality real estate developers and reasonable bond financing needs. It will also support real estate-related companies to carry out mergers and acquisitions, and assist enterprises with a certain proportion of real estate-related businesses to undertake equity financing, said Yi.