Mergers and acquisitions will help Chinese real estate companies reduce debt, PBOC official says By Reuters
© Reuters. FILE PHOTO: The China Evergrande group logo is seen at the real estate developer’s headquarters in Shenzhen, Guangdong province, China on September 26, 2021. REUTERS / Aly Song
BEIJING (Reuters) – Mergers and acquisitions in China’s real estate market will help companies reduce debt, Zou Lan, head of financial markets at the People’s Bank of China (PBOC) said Thursday.
“Project mergers and acquisitions between real estate companies are the most efficient, market-oriented means for real estate companies to resolve risk,” Zou told reporters.
Chinese real estate companies have been subjected to severe liquidity problems this year after regulators stepped up their debt campaign against the bloated sector, triggering defaults at some heavily indebted companies.
Fusion media or anyone involved with Fusion Media will not accept any responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.