However, it could be too little, too late, Bloomberg Intelligence analyst Kristy Hung wrote in a report. Policy support for China’s real estate sector, including facilitating mergers and acquisitions, loosening bank lending and easing mortgage interest relief, is unlikely to change the short-term liquidity outlook for ailing developers. Yields on Chinese junk bonds hit a new high near 28% on Wednesday, according to a Bloomberg index.
This post Traders Weigh China to Resolve Risk: Evergrande Update
was original published at “https://www.bloombergquint.com/china/traders-weigh-china-vow-to-resolve-risks-evergrande-update”