Â© Reuters. FILE PHOTO: The China Evergrande group logo is seen at the real estate developer’s headquarters in Shenzhen, Guangdong province, China on September 26, 2021. REUTERS / Aly Song
BEIJING (Reuters) – Mergers and acquisitions in China’s real estate market will help companies reduce debt, Zou Lan, head of financial markets at the People’s Bank of China (PBOC) said Thursday.
“Project mergers and acquisitions between real estate companies are the most efficient, market-oriented means for real estate companies to resolve risk,” Zou told reporters.
Chinese real estate companies have been subjected to severe liquidity problems this year after regulators stepped up their debt campaign against the bloated sector, triggering defaults at some heavily indebted companies.
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