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Stock impact report

Chinese property developers bet on higher returns with mezzanine loans [Reuters (UK)]

Fang Holdings Limited American Depositary Shares (Each representing Four Class A Ordinary Shares, HK$1.00 par value) (SFUN) 
Last fang holdings limited american depositary shares (each representing four class a ordinary shares, hk$1.00 par value) earnings: 11/30 06:22 am Check Earnings Report
US:NYSE Investor Relations: ir.fang.com
Company Research Source: Reuters
Chinese property developers bet on higher returns with mezzanine loans | Reuters 5 Min Read HONG KONG (Reuters) - Chinese property companies are increasingly tapping expensive mezzanine loans as they seek out higher returns, a trend that could undermine government efforts to cool the country’s booming real estate sector and rein in debt. Many developers are turning to offshore mezzanine loans as government measures to tighten credit and clamp down on shadow banking in China are increasingly felt, according to lenders. Others are taking out the loans for M&A activities or to raise working capital that would allow them to prolong construction periods in hopes that the government will lift price caps on new projects, the lenders say. For more than a year, China has limited financing for and capped the selling prices of new apartments to rein in an overheated property sector. That has left many developers, especially small to medium-sized ones, struggling to find cash to stay afloat. “Fro Show less Read more
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