Mainland Chinese developers have seen offshore financing costs reduced significantly amid a relaxed domestic lending environment that has prompted more issuers to issue debt at home. Photo: Reuters

China’s developers take advantage of cheaper offshore debt

Reopening of domestic bond market to developers and interest rate cuts by the central bank has freed up liquidity and lured mainland property firms away from the offshore bond market to domestic market

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Mainland Chinese developers have seen offshore financing costs reduced significantly amid a relaxed domestic lending environment that has prompted more issuers to issue debt at home. Photo: Reuters
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Summer Zhen

Summer Zhen

Summer Zhen is a business reporter covering the property markets in mainland China and Hong Kong as well as cross-border investments and the financial markets. Born in Shanghai, she holds a master's degree in Journalism from the University of Hong Kong and is a graduate of Waseda University in Japan. She has also studied in the US. A winner in the "Best Young Reporter" category at the 2014 Hong Kong News Awards, Summer previously worked for Phoenix TV and Ming Pao.