Chinese property developers' bond sales continued to surge, driving a pick-up in land acquisitions

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

Chinese property developers have been accelerating onshore bond issuance to take advantage of the looser liquidity after the authority eased monetary policy to shore up the virus-ravaged economy. Homebuilders also stepped up land acquisitions amid expectation of stabilisation of the housing market and as local government increased land supplies.

According to data from the Centaline Property Agency, Chinese developers had issued a total of 307.6 billion yuan bonds in the onshore market this year as of May 27, amounting to more than half of the full-year amount of 580 billion yuan in 2019. In . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE

We offer limited-time welcome discount to let more people experience the value of our exceptional services. Don't Miss Out - Grab it!