China asked three leading property developers to issue bonds this week - sources

Midea Real Estate Holding

16/05/2022 06:45

HONG KONG/BEIJING, May 16 (Reuters) - Three leading Chinese
property developers were asked by authorities to issue bonds
this week as an effort to boost market sentiment, two sources
with direct knowledge said on Monday.
    The authorities informed Country Garden  2007.HK , Longfor
Group  0960.HK  and Midea Real Estate  3990.HK  about the plan
late last week, the sources said, who declined to comment
because they were not authorized to speak to media.
    The three developers declined to comment.
    Financial intelligence provider REDD first reported about
the plan on Monday.

 (Reporting by Clare Jim in Hong Kong and Shuyan Wang in
Beijing; Editing by Kim Coghill)
 ((clare.jim@thomsonreuters.com;))