China housing bifurcation inverts

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Or appears to, from Caijing:

Real estate financing is still tightening. Recently, the refinancing of listed companies, “cannot exceed 20% of the total share capital, the interval required to exceed 18 months,” the new regulations, the financing conditions more stringent. In addition, look at the past three months time, the domestic corporate debt has not been released.

Recently, Longhu real estate successfully issued in the territory of corporate bonds, according to the reporter observed, BBMG’s main business is not real estate, but the building materials company; and Longhu real estate investment in the company’s debt is the policy to promote Of the green building projects, have a certain degree of particularity.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.