New Bond Rules Unlikely to Add to Chinese Developer Risks - Fitch

Market news

2 July 2018

New Bond Rules Unlikely to Add to Chinese Developer Risks - Fitch

New rules banning Chinese property companies from using proceeds from offshore bond issuance to invest in new projects appear to formalise a policy that had already been in place since the start of the year, and are unlikely to add significantly to the elevated funding risks that developers are already facing, says Fitch Ratings.

Futures: Eurostoxx -1,3% DAX -1,2% FTSE -1,1% CAC 40 -1,1%

Cryptocurrency prices have maintained the bounce seen in late US trading Friday through the weekend as the oversold market moved up from multimonth lows

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