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What percentage of the $546 billion bond quota will be utilized by December 31, 2024?
2
Resolution / Starting Odds
Less than 60% • 25%
60% to 79% • 25%
80% to 99% • 25%
100% • 25%
Official announcements from the Chinese government or financial news sources
Story
China Considers $546 Billion Special-Purpose Bonds for Local Governments to Buy Unsold Homes
Aug 20, 2024, 08:15 AM
China is considering a new funding strategy to address its struggling housing market by allowing local governments to issue special-purpose bonds to purchase unsold homes. This move comes after previous rescue packages failed to stabilize the market. According to sources familiar with the matter, more than half of the $546 billion special bond quota has already been utilized. The plan aims to provide local governments with a financial mechanism to support the housing sector, which has seen a rapid decline in new-home prices due to relaxed curbs.
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Similar markets
Less than 50% • 25%
50% to 75% • 25%
76% to 90% • 25%
More than 90% • 25%
Less than 25% • 25%
25% to 50% • 25%
50% to 75% • 25%
More than 75% • 25%
More than 1 billion USD • 50%
1 billion USD or less • 50%
Above 5 trillion yuan • 25%
Between 4.75 trillion and 5 trillion yuan • 25%
Between 4.5 trillion and 4.75 trillion yuan • 25%
Below 4.5 trillion yuan • 25%
Less than $10 billion • 25%
$10 billion to $25 billion • 25%
$25 billion to $40 billion • 25%
More than $40 billion • 25%
By 25% • 25%
By 50% • 25%
By 75% • 25%
By 100% • 25%
Less than $2 billion • 25%
$2 billion to $2.5 billion • 25%
$2.5 billion to $3 billion • 25%
More than $3 billion • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Bonds • 25%
Stock ETFs • 25%
CSI300 stocks • 25%
Corporate bonds • 25%
Less than $40 billion • 25%
$40 billion to $50 billion • 25%
$50 billion to $60 billion • 25%
More than $60 billion • 25%