A construction site in suburban Shanghai. Sixteen developers have since August this year joined a pilot programme under which they can issue bonds or asset securitisation products that are guaranteed by China Bond Insurance. Photo: AFP
A construction site in suburban Shanghai. Sixteen developers have since August this year joined a pilot programme under which they can issue bonds or asset securitisation products that are guaranteed by China Bond Insurance. Photo: AFP
Bonds

State-owned bond company to guarantee notes worth US$2.7 billion issued by Chinese developers

  • China Bond Insurance Company, together with the National Association of Financial Market Institutional Investors and the China Real Estate Association, met 21 firms on Tuesday, Securities Daily says
  • Regulators are keeping an eye on the financing challenges that these companies are facing, analyst says

A construction site in suburban Shanghai. Sixteen developers have since August this year joined a pilot programme under which they can issue bonds or asset securitisation products that are guaranteed by China Bond Insurance. Photo: AFP
A construction site in suburban Shanghai. Sixteen developers have since August this year joined a pilot programme under which they can issue bonds or asset securitisation products that are guaranteed by China Bond Insurance. Photo: AFP
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