Chinese property developers' bond financing surges over 70% YoY in Oct

In October, Chinese property developers saw a significant rebound in bond financing, driven by strong issuance of credit bonds and asset-backed securities, while easing borrowing costs helped support longer-term funding, signaling improving conditions in the real estate financing market.

According to the data compiled by the China Index Academy (CIA), in October, the total bond financing in the real estate industry amounted to Yuan 51.24 billion ($7.2 billion), an increase of 76.9% from a year earlier, and among this, credit bond financing amounted to Yuan 32.7 billion, up