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Which major Chinese city will benefit the most from the bond issuance by December 31, 2024?
2
Resolution / Starting Odds
Beijing • 25%
Shanghai • 25%
Shenzhen • 25%
Other • 25%
Reports from Chinese real estate market analysis firms or government data
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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