In Depth: Market Realities Frustrate China’s Efforts to Clean Up Developer Debt

By Chen Bo, Peng Qinqin and Guo Yingzhe

2022年03月16日 16:28

A government push for healthy real estate firms to buy up assets from their distressed peers has run up against reluctance on both sides of the deal

: Since the market was clobbered by a cash crunch late last year, authorities have encouraged healthy real estate companies to buy the assets of their distressed peers. Photo: VCG

Over the past two months, Sunac China Holdings Ltd. and Shimao Property Holdings Ltd., two debt-ridden Chinese private developers, have sold projects worth billions of yuan to state-owned firms.

That marks a sharp reversal from 2018 to 2019 when the two companies went on a shopping spree spending tens of billions of yuan to expand their businesses.

　　[财新双语通产品，是为有双语需求读者专门订制的优惠产品，按此可享超值优惠订阅。]

版面编辑：喻竹杨洋

In Depth: Market Realities Frustrate China’s Efforts to Clean Up Developer Debt

推荐阅读

图片推荐

视听推荐

编辑推荐

财新名家

视频

博客

最新文章