Chinese regulators have told developers they need to meet all their debt obligations including offshore bond payments, according to people familiar with the matter, after an unexpected default cast doubt on the integrity of the market.
Officials from the National Development and Reform Commission and the State Administration of Foreign Exchange told developers at a meeting in Beijing on Tuesday that they must make payments on time if possible, said the people, who asked not to be identified discussing private matters. Any developer that can’t meet its debt obligations must inform regulators immediately, the people said.
"pay" - Google News
October 27, 2021 at 01:25PM
https://ift.tt/2ZzMkED
China Urges Builders to Pay Debts After Shock Default Hurt Trust - Bloomberg
"pay" - Google News
https://ift.tt/301s6zB
Bagikan Berita Ini
0 Response to "China Urges Builders to Pay Debts After Shock Default Hurt Trust - Bloomberg"
Post a Comment