Reuters with the info, citing four (unnmed) sources:

  • Chinese regulators have instructed state-owned China Bond Insurance Co. Ltd. to provide guarantees for onshore bond issuance by a few private property developers
  • including Longfor Group and CIFI Holdings
  • China Bond Insurance Co, which provides financial guarantee services, will provide "full amount, unconditional and irrevocable joint liability guarantee" to these medium-term notes, the sources said.
china apartments 20 July 2022