Chinese property developers' bond issuance picked up significantly in November, nearly all issuers SOEs

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Chinese property developers that had struggled in a sector-wide cash crunch finally saw a pick-up in financing this month after authorities repeatedly urged financial institutions to maintain stable lending to the sector and ensure homebuilder' reasonable funding needs are met.

Mainland property developers issued 42.5 billion yuan worth of bonds this month as of November 23, more than three times the full-month volume in October and rebounding for the first time . . .

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