{"id":125764,"date":"2022-04-08T07:30:28","date_gmt":"2022-04-08T00:30:28","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-firms-bond-issuances-fell-sharply-in-first-quarter-beikes-research-unit-says\/"},"modified":"2022-04-08T08:12:18","modified_gmt":"2022-04-08T01:12:18","slug":"chinese-property-firms-bond-issuances-fell-sharply-in-first-quarter-beikes-research-unit-says","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-firms-bond-issuances-fell-sharply-in-first-quarter-beikes-research-unit-says\/","title":{"rendered":"Chinese property firms\u2019 bond issuances fell sharply in first quarter, Beike\u2019s research unit says"},"content":{"rendered":"


\nBond issuances by Chinese property developers shrank sharply in the first quarter of 2022. Major developers issued offshore bonds worth only 35.5 billion yuan (US$5.6 billion) in the first three months of the year, which translates into a year-on-year decline of 68 per cent, said BRI, the research arm of Beike, China\u2019s largest online property broker. Altogether with onshore issuances, Chinese property firms raised 173.3 billion yuan in this period, a year-on-year decline of 43 per cent. \u201cThe risk associated with this industry persists, and investors and creditors \u2013 offshore in particular \u2013 are still concerned about Chinese developers\u2019 debts. Even if we see more supportive measures being rolling out, time is needed to restore confidence,\u201d BRI said in a research note on Thursday. China\u2019s \u201cthree red lines\u201d, measures in place since August 2020 to control systemic risk posed by weak property developers, have sent the industry into a slump not seen since the 2015 stock market crash. Major developers such as China Evergrande Group and Kaisa Group Holdings defaulted on their bonds last year as a result. Kaisa bonds rise after it enters joint venture with state developer, bad asset manager And the cracks in the sector have widened this year, with the likes of Sunac China Holdings, the country\u2019s fourth-largest developer, and Shimao Holdings Group, joining the list of distressed Chinese property firms. Beijing has rolled out a number of policies to buoy the sector since late last year. In January, the People\u2019s Bank of China lowered the five-year loan prime rate \u2013 a reference rate for mortgages \u2013 by a modest 0.05 per cent to 4.6 per cent to reduce the borrowing cost of buying a home. In March, the finance ministry also decided not to expand a property tax trial to more cities this year, citing poor market conditions. Distress sales by Chinese luxury homeowners in Hong Kong on the rise At the same time, more than 60 local governments ripped up old, restrictive rules in the first quarter to revive the property market. However\u2026
\n
\nSource : South China Morning Post
\nRead more…Chinese property firms\u2019 bond issuances fell sharply in first quarter, Beike\u2019s research unit says<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bond issuances by Chinese property developers shrank sharply in the first quarter of 2022. Major...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-125764","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wIs","jetpack-related-posts":[{"id":124517,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/investors-shun-chinese-developers-as-bond-sales-slump-70-per-cent-with-market-frozen-for-many-junk-rated-borrowers-amid-defaults\/","url_meta":{"origin":125764,"position":0},"title":"Investors shun Chinese developers as bond sales slump 70 per cent with market frozen for many junk-rated borrowers amid defaults","date":"February 9, 2022","format":false,"excerpt":"\r Investors seem to have lost their appetite for bonds issued by Chinese developers while rising defaults by an increasing number of cash-strapped companies have pushed the cost of funding for the sector to more than a decade high.Chinese real estate companies issued 48.1 billion yuan (US$7.6 billion) worth of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92706,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-tightens-funding-for-real-estate-and-infrastructure-firms-limits-use-of-offshore-bond-proceeds\/","url_meta":{"origin":125764,"position":1},"title":"China tightens funding for real estate and infrastructure firms, limits use of offshore bond proceeds","date":"June 28, 2018","format":false,"excerpt":"\r China has moved to limit the use of proceeds from offshore bonds sold by developers and local government financial vehicles. In a statement late on Wednesday, the National Development and Reform Commission, which regulates companies\u2019 foreign debt sales, said proceeds from offshore note issuances should be used to repay\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58002,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developers-sell-fewer-offshore-bonds-in-tightening-drive\/","url_meta":{"origin":125764,"position":2},"title":"Chinese developers sell fewer offshore bonds in tightening drive","date":"June 15, 2017","format":false,"excerpt":"\r Chinese developers sold fewer offshore dollar bonds in the second quarter, retracting from the strong start at the beginning of the year, as Beijing tightens the liquidity of real estate firms to curb rising home prices. Developers issued nine US dollar-denominated bonds totalling US$2.9 billion during the April-June period,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":163800,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-arabia-tops-gcc-bond-issuances-in-q3-with-20-3-billion-raised\/","url_meta":{"origin":125764,"position":3},"title":"Saudi Arabia tops GCC bond issuances in Q3 with $20.3 billion raised","date":"November 3, 2025","format":false,"excerpt":"\r Kingdom leads Gulf debt markets in the third quarter, reflecting strong investor demand and economic diversification efforts The post Saudi Arabia tops GCC bond issuances in Q3 with $20.3 billion raised appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More.\r \r Source\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/11\/Saudi-riyal-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":111231,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-sales-mean-yuan-depreciation-is-not-a-problem-for-chinese-developers-with-foreign-debts-moodys-says\/","url_meta":{"origin":125764,"position":4},"title":"Strong sales mean yuan depreciation is not a problem for Chinese developers with foreign debts, Moody\u2019s says","date":"October 1, 2019","format":false,"excerpt":"\r Most Chinese property developers could withstand anything up to a 10 per cent depreciation in the yuan, because resilient sales will offset the cost of foreign debts, according to Moody\u2019s Investors Service.While home sales improved in the past two months in mainland China, not many developers were issuing bonds\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134589,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/funds-raised-by-chinas-private-property-firms-tumbled-66-per-cent-to-7-year-low-of-us33-billion-in-2022-cric-says\/","url_meta":{"origin":125764,"position":5},"title":"Funds raised by China\u2019s private property firms tumbled 66 per cent to 7-year low of US$33 billion in 2022, CRIC says","date":"February 20, 2023","format":false,"excerpt":"\r The developers raised 227.1 billion yuan (US$33.08 billion) in 2022, a decline of 66 per cent from the previous year, according to mainland Chinese real estate consultancy CRIC.\r \r Source : South China Morning Post\r Read more...Funds raised by China\u2019s private property firms tumbled 66 per cent to 7-year\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/125764"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=125764"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/125764\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=125764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=125764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=125764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}