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Free AccessThe National Development and Reform.....>
CHINA PRESS: The National Development and Reform Commission (NDRC) doesn't
support real estate developers selling bonds to finance commercial projects, the
China Economic Herald, a newspaper run by the NDRC, reported on Thursday to
clarify a misinterpretation of government policies.
- The NDRC said yesterday that it will give priority to companies applying to
issue bonds with good credit standing and stable operations that play a leading
role in industrial restructuring, the newspaper said.
- The NDRC will only support bond financing for housing projects in areas
limited to urban renewal, affordable housings and rental housings, the newspaper
said.
***Comment: The NDRC was careful not to stoke another property bubble. Some in
the market earlier interpreted the policy as a greenlight for commercial
developers to increase working capital and accelerate project development.
To read the full story
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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.