日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Liquidity still biggest challenge for small China developers: Fitch

Xinhua | Updated: 2019-04-28 17:16
Share
Share - WeChat
Building models are seen at an expo in Ningbo, East China's Zhejiang province, on Oct 26, 2018. [Photo/VCG]

BEIJING - Small Chinese homebuilders are likely to face high liquidity risks in 2019 as banks tightened lending to property developers last year and borrowing costs in onshore and offshore markets have generally risen, according to a report by Fitch Ratings.

Although funding conditions have improved this year and high-churn homebuilders have reported stronger cash collection from sales, low-churn homebuilders continue to face struggle to collect enough cash to fund existing projects and they may need to rely on external funding or asset sales to meet liquidity needs, the ratings agency noted.

It expects higher funding cost and shorter loan tenors to exacerbate small homebuilders' liquidity risks in 2019, as refinancing of existing offshore maturities has come at a higher cost, which will increase cash outflow for interest payments.

Small homebuilders with tight funding channels have increasingly turned to asset sales to boost liquidity, and Fitch said this could lead to issuers exiting the property development business.

Fitch said it would increase its focus on the management and execution of refinancing risks, particularly of low-churn homebuilders in 2019.

It downgraded the rating on Guorui Properties Limited to 'B-' from 'B' in March to reflect debt repayment pressure it still faces, even though it was able to use the proceeds from its recent US dollar bond issuance to refinance onshore maturities.

New home prices climbed 0.6 percent in 31 second-tier cities and rose 0.7 percent in 35 third-tier cities in March.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 奇米色第四色 | www.av在线免费观看 | 久久伊人色综合 | 女人被狂躁视频免费网站 | 免费黄色的视频 | 天天操天天射天天爽 | 精品无人乱码高清 | 日韩在线看片 | 狠狠狠狠狠狠狠狠狠狠 | 国产欧美日韩在线不卡第一页 | 欧美激情午夜 | av在线播放免费 | 国产欧美日韩一区二区三区四区 | 亚洲一区在线观 | 五月婷婷在线观看视频 | 中文一区二区 | 日韩hd| 小明www永久在线看 国产美女一区二区三区 | 日韩在线aⅴ免费视频 | 奇米第四狠狠777高清秒播 | www.天天操| 日本久久中文字幕 | 美国一级免费视频 | 色秀视频在线观看全部 | 欧美aaa级| 性色网站| 美女国产一区 | 草草免费 | www.yw193.com| 欧美一级视频在线观看欧美 | 精品久久久久久久久久久久久久 | 亚洲日本中文 | 亚洲成人福利在线观看 | 成人网在线观看 | 天天噜日日噜夜夜噜 | 日韩欧美在线播放 | 欧美一区视频 | 久久久久免费视频 | 波多野结衣在线网址 | 日本伦理网站 | 久草视频网站 |