Property News · June 9, 2018

Chinese developers under pressure as key funding source dries up


Chinese property developers are facing a potential cash crisis as they find themselves unable to access a key source of financing amid Beijing’s crackdown on debt, according to analysts.
The country’s builders have long relied on the bond market to fund their operations and refinance existing loans, tapping a seeming bottomless pit of funds that predominantly came from banks more than willing to soak up the debt.
But that river of easy credit is quickly drying up, according to…

Source : South China Morning Post
Read more…Chinese developers under pressure as key funding source dries up

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