Some real estate developers told the newspaper that the second round of credit enhancement financing gave them considerable internal encouragement, and the company hoped to ease the tight liquidity situation.
Analysts said that in the case of declining sales and poor financing, using high-quality assets for financing can alleviate the cash flow problem of housing enterprises to some extent. In particular, the second round of financing supported by the communication and supervision of housing enterprises has also given more confidence to some housing enterprises with high-quality assets.
In August this year, China Association of Interbank Market Dealers organized two symposiums for housing enterprises to discuss how housing enterprises can issue bonds to provide support for housing enterprises. The Association of Dealers also listened to the demands of the participating real estate enterprises, and said that it would further study how to support the stable and healthy development of the real estate market.
The first batch of pilot housing enterprises include Xuhui Holding Group (00884. HK), Longhu Group (00960. Hong Kong), Gemdale (600383. SH), Country Garden (02007. HK), Ocean Shipping Group (03377. HK), Metro Holdings (60 1 155. SH), Midea Real Estate (03990.HK), Binjiang Group (002244).
The real estate enterprises that participated in the second forum included Zhongnan Construction (00096 1. Shenzhen), Jinke (000656. SZ), Baolong Real Estate (0 1238. HK), Shimao Group (008 13. HK), 02777.HK R&F Real Estate and many other private enterprises.
According to the statistics of the paper, up to now, five housing enterprises have successfully issued RMB medium-term notes fully guaranteed by China Bond Enhancement Corporation, with a quota of 6.2 billion yuan and an interest rate of 3.30%-3.33%. Companies such as Zhongnan Construction told this newspaper that they are advancing plans to strengthen cooperation with China Debt.
Subsequently, a number of housing enterprises outside the pilot list also began to seek credit enhancement and debt issuance.
Among them, Zhuo Yue Commercial Management Co., Ltd., a subsidiary of Zhuo Yue Real Estate Group Co., Ltd., is applying for bonds fully guaranteed by China Bond Credit Promotion Investment Co., Ltd. (hereinafter referred to as "China Bond Credit Promotion Company"). In addition, Zhong Jun group (0 1966. HK), who did not participate in the forum before, plans to issue bonds fully guaranteed by China Credit Enhancement Company. Zhong Jun Group told the newspaper that it has been actively communicating without further details. Greenland Holdings (600606. SH), not on the first batch of pilot list, did not participate in two symposiums, and is planning to promote cooperation with China Bond Promotion Company.