Caixin
Aug 20, 2022 04:33 AM
ECONOMY

Exclusive: Regulator Moves to Help Struggling Private Developers with Bond Guarantee

China’s real estate market has entered a persistent downturn since mid-2021 with the situation exacerbated by this year’s Covid lockdowns and sliding sales.
China’s real estate market has entered a persistent downturn since mid-2021 with the situation exacerbated by this year’s Covid lockdowns and sliding sales.

China’s bond market regulator is pushing forward a plan to help the country’s cash-strapped property developers sell bonds in the latest move to shore up the ailing real estate sector.

The National Association of Financial Market Institutional Investors (NAFMII), the interbank bond market self-regulatory body under the central bank, Friday held a meeting with several private developers to discuss potential credit guarantees to back their borrowings from the bond market, Caixin learned from people familiar with the matter.

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