Caixin
Jan 07, 2023 06:17 PM
BUSINESS

Chinese Property Developers Get Year-End Financing Boost, Consultancy Says

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Chinese real estate developers reported sharply higher levels of financing at the end of 2022 as regulators relaxed policy curbs to ease an unprecedented industrywide liquidity crunch, industry data show.

Total financing raised by 100 major developers, including by issuing bonds and equities, reached 101.8 billion yuan ($14.9 billion) last month, up 84.7% from the previous month and 33.4% year-on-year, according to data published Saturday by China Real Estate Information Corp. (CRIC), a consultancy.

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