As per a sources report, China is set to make it easier for property developers to issue bonds for acquisitions in the sector, considered to be a move that helps these troubled players in selling off assets. Securities Times which cited a meeting on Friday between the National Association of Financial Market Institutional Investors (NAFMII) and developers said that regulators will favor the issuance of notes to finance property-related deals. The report also added that bond sales to fund the completion of unfinished projects will also be favored in an attempt to safeguard property project delivery, citizens livelihood and social stability. As per the report, bond sales by companies including China Merchants Shekou Industrial Zone Holdings Co. will mainly fund acquisitions of property projects.
China Bond Sales May Be Used for Property Acquisitions: Sources
