Property developers and local government financing vehicles are expected to benefit most from the changes. Photo: AFP
China eases bond issuance rules for top rated firms in bid to boost economy amid trade war with United States
- National Development and Reform Commission guidelines trigger rally, with property developers and local government financing vehicles expected to benefit
- But smaller and weaker private sector firms miss out on easier financing and are set to come under additional pressure from maturing debt in next two years
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China economy
Property developers and local government financing vehicles are expected to benefit most from the changes. Photo: AFP