As of the end of 2023, the real estate industry in China will have at least 292 billion US dollars (S $ 413094 billion) on shore and offshore debt, which means that after the wave of default this year, this yearPayment pressure may be greater.
According to Bloomberg, Chinese housing companies will still have 53.7 billion US dollars in debt this year to expire, and US $ 72.3 billion will expire in the first quarter of next year.According to the data compiled by Bloomberg and the research company, it covers the shore and offshore bonds and loans and domestic trust loans.
Henry Loh, the executive of Asian fixed income of Anben, said that with reference to the situation in 2022, many pressures comes from the first quarter of debt expiration; therefore, the pressure of repayment in the first quarter of 2023 is undoubtedly undoubtedlyIt will increase the difficulty of already challenging environment.
But there are some good signs.The total due of 2023 was US $ 2,38 billion, which was about 25%less than this year, and below the peak of US $ 381 billion in 2021.However, Li Kai, the founding partner of Shenzhen Gao Investment, believes that the deterioration of cash flow means that real estate companies will feel a greater payment pressure than this year.
