Residential buildings under construction in Shanghai. The onshore medium-term notes are expected to offer only marginal help to some developers. Photo: Reuters
Residential buildings under construction in Shanghai. The onshore medium-term notes are expected to offer only marginal help to some developers. Photo: Reuters

Chinese developers’ bonds indirectly backed by Beijing are unlikely to resolve property sector’s liquidity crisis, analysts say

  • Excellence Group and China SCE are set to issue onshore notes backed by state-owned China Bond Issuance
  • Such onshore medium-term notes are not big enough to solve all funding problems, CGS-CIMB Securities executive says

Residential buildings under construction in Shanghai. The onshore medium-term notes are expected to offer only marginal help to some developers. Photo: Reuters
Residential buildings under construction in Shanghai. The onshore medium-term notes are expected to offer only marginal help to some developers. Photo: Reuters
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