China asked three property developers to issue bonds to shore up market sentiment

Three major private Chinese property developers were asked by authorities to issue bonds this week to help boost market sentiment, two sources with direct knowledge of the matter said on Monday.

The authorities informed Country Garden, Longfor Group and Midea Real Estate about the plan late last week, the sources said. They declined to be named because they were not authorised to speak to media.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter