{"id":95483,"date":"2018-08-06T14:00:06","date_gmt":"2018-08-06T07:00:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-developers-squeezed-by-weaker-yuan-rising-cost-of-overseas-debt\/"},"modified":"2018-08-06T15:03:12","modified_gmt":"2018-08-06T08:03:12","slug":"chinese-property-developers-squeezed-by-weaker-yuan-rising-cost-of-overseas-debt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-developers-squeezed-by-weaker-yuan-rising-cost-of-overseas-debt\/","title":{"rendered":"Chinese property developers squeezed by weaker yuan, rising cost of overseas debt"},"content":{"rendered":"


\nMany Chinese developers turned to foreign markets to raise working capital earlier this year when regulators introduced a slew of measures to limit borrowing at home.
\nNow, the sharp depreciation of the yuan is threatening to derail that funding lifeline by making it far more costly to service debt denominated in US dollars.
\nThis will potentially force some home builders to sell down inventory at distressed prices in the coming months, according to analysts.
\nWe will definitely see developers…
\n
\nSource : South China Morning Post
\nRead more…Chinese property developers squeezed by weaker yuan, rising cost of overseas debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Many Chinese developers turned to foreign markets to raise working capital earlier this year when...<\/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-95483","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-oQ3","jetpack-related-posts":[{"id":1821,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developers-with-large-offshore-debts-will-come-under-pressure-from-falling-yuan\/","url_meta":{"origin":95483,"position":0},"title":"Chinese developers with large offshore debts will come under pressure from falling yuan","date":"January 18, 2016","format":false,"excerpt":"\r Chinese property developers with significant exposure to offshore debt markets will come under added stress if the weakness in the yuan\u2019s exchange rates is prolonged, says ratings agency Standard & Poor\u2019s.\r \r Source : South China Morning Post\r Read more...Chinese developers with large offshore debts will come under pressure\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37207,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-local-financing-vehicles-line-up-to-issue-us-dollar-bonds-overseas-as-developers-steer-clear\/","url_meta":{"origin":95483,"position":1},"title":"China\u2019s local financing vehicles line up to issue US dollar bonds overseas as developers steer clear","date":"December 6, 2016","format":false,"excerpt":"\r At least 50 Chinese local government financing vehicles (LGFVs) are preparing to issue US dollar bonds offshore, according to Ivan Chung, head of Moody\u2019s Greater China credit research and analysis. The news comes as mainland Chinese developers are retreating from the US dollar bond market because of the rising\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143089,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-stricken-sino-ocean-warns-of-hefty-losses-amid-plunge-in-home-sales-as-turnaround-eludes-chinese-developers\/","url_meta":{"origin":95483,"position":2},"title":"Debt-stricken Sino-Ocean warns of hefty losses amid plunge in home sales as turnaround eludes Chinese developers","date":"March 19, 2024","format":false,"excerpt":"\r Debt-stricken Sino-Ocean warns losses in 2023 could widen by as much as 21 per cent to 23 billion yuan (US$3.2 billion) as home sales plunged, margins narrowed and provision for asset impairment increased.\r \r Source : South China Morning Post\r Read more...Debt-stricken Sino-Ocean warns of hefty losses amid plunge\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124334,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/agile-group-becomes-latest-debt-ridden-chinese-developer-to-be-rescued-by-state-owned-company\/","url_meta":{"origin":95483,"position":3},"title":"Agile Group becomes latest debt-ridden Chinese developer to be rescued by state-owned company","date":"January 24, 2022","format":false,"excerpt":"\r State-backed companies are coming to the rescue of embattled Chinese developers pushed to the edge of financial ruin by Beijing\u2019s \u201cthree red lines\u201d borrowing restrictions.Agile Group, one of the country\u2019s top 20 home sellers, said it will sell its 26.7 per cent stake in a Guangzhou property joint venture\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10502,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/yuan-swings-hurt-chinese-developers-but-hedging-can-hurt-more\/","url_meta":{"origin":95483,"position":4},"title":"Yuan swings hurt Chinese developers, but hedging can hurt more","date":"April 12, 2016","format":false,"excerpt":"\r Despite suffering huge foreign exchange losses due to unexpected yuan devaluation in the past year, Chinese developers are still divided on hedging options because of their restrictively high cost.\r \r Source : South China Morning Post\r Read more...Yuan swings hurt Chinese developers, but hedging can hurt more","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"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":95483,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/95483"}],"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=95483"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/95483\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=95483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=95483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=95483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}