Several property developers announced plans to issue debt, fuelling expectation for easing financing for the struggling sector

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Some Chinese property developers recently announced plans to issue debts, fuelling market expectations for easing financing amid a sector-wide cash crunch.

China Merchants Shekou Industrial Zone Holdings Co., Ltd, an industrial property developer, plans to issue 3 billion yuan of medium-term notes in the interbank market, including 1.5 billion yuan of 3-year notes and 1.5 billion yuan of 5-year notes and the proceeds will all be used to . . .

 

 

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