Bloomberg Credit Market Tracking Indicators show that the pressure of China's real estate industry in the offshore credit market has fallen to the first level in November, the lowest level since the data began in May 2021.
According to Bloomberg News on Tuesday (December 19), the Chinese real estate industry crisis has been delayed for two years, with a scale of US $ 680 billion (S $ 905.8 billion) to enter the most calm period.The level of credit pressure in the offshore market fell from the third level in October to the first level of November; the credit pressure in the shore market remained in the second level in November, which was the same as October.
The level of credit pressure from low to high is level to six.
It is reported that the calmness of rare global investors is a preliminary signal that the real estate industry's dilemma is temporarily relieved.In order to prevent the downturn in the long -term property market and the liquidity of housing companies endanger financial stability, the Chinese government has increased its efforts to support developers' financing.
According to earlier reports of Bloomberg, it is reported that the Chinese government's policies and measures to introduce last month include drafting 50 real estate companies, and considering the first allowing banks to provide housing companies with unsecured mobile funds loans.
In addition to the significant relief of the credit pressure of the offshore market, Bloomberg does not include the index of default debt, and the Chinese garbage US dollar bond market, which is mainly based on Chinese -funded developers, has risen for three consecutive months.The best performance since January.
The US dollar bonds of surviving issuers such as Yajule, Xincheng Holdings and Ping An Real Estate ranked at the forefront last month. Among them, Yajule was the first, with a total return of more than 77%.
In addition, the Chinese real estate stock index research by Bloomberg also rose 6%in November, ending the previous three consecutive months.
