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
Topic |   China economy

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Property developers and local government financing vehicles are expected to benefit most from the changes. Photo: AFP
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.