Property News · December 12, 2016

Tough 2017 looms as China builders face record wall of debt


For China’s highly leveraged real estate developers, 2017 could be the year that the borrowing binge finally catches up with them.
Regulators have choked off a key source of funding, with the Shanghai Stock Exchange raising the threshold for property firms to sell bonds on their platform in October. Since then, builders haven’t sold any notes in a market that played host to about 40 per cent of their onshore debentures over the past two years, data compiled by Bloomberg show. The…

Source : South China Morning Post
Read more…Tough 2017 looms as China builders face record wall of debt

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