As long as Chinese developers can keep borrowing low cost debt, they can continue the land binge. Firms have been issuing debt for less than 4 percent, sometimes below 3 percent this year. Debt has exploded. In 2015, debt increased 430 billion yuan, more than 27 times above the 2014 figure. According to Wind, with the first-half yet to conclude, 2016 debt issuance has almost matched the 2015 full year figure.
Real estate financing, the left group is corporate debt.
Debt ratios:
Caijing: 房企“不差钱”真相:半年低成本发债逾4000亿!
SFC suspends dealings in Tianyun (6836) shares over massive missing
corporate funds
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Source: SFC | Source date: 15-Apr-2024 20:01
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