Via Bloomberg:
- China’s government is authorizing developer debt sales for the first time in five years in a bid to avoid bankruptcies as the property market cools
Xu Hanfei, a bond analyst in Shanghai at Guotai Junan Securities Co.:
- “The issuances are obviously an easing signal”
- “The CSRC will probably approve more note sales as long as developers have fund-raising demand. It would be helpful because bond costs are lower than trusts”
More at the link
