Contracted sales of Chinese property developers have largely recovered since the onset of the coronavirus pandemic. Nationwide monthly sales declined by up to 35% at the pandemic’s peak in February 2020 when the government ordered most sales offices to shut, but have since rebounded. Monthly sales growth turned positive in year-on-year terms since May 2020, and cumulative nationwide contracted sales up to September 2020 were 6% higher than in the same period in 2019.
Capital markets in China remain underdeveloped when compared with global peers, despite rapid progress over the last decade. Heavy reliance on indirect finance, evolving regulatory and legal frameworks, and visible government interventions highlight capital markets' weakness in terms of depth and breadth. Fitch Ratings believes ongoing regulatory reforms could strengthen the capital markets framework and thus sustain further development, improving financial system stability and capital mobility.
A roundtable hosted by ANZ and FinanceAsia highlighted emerging opportunities in an ever-wider variety of energy infrastructure projects across the region, led by an increasing focus on renewables amid the mantra of sustainability.
Increasing infrastructure capacity in Australia relies on improvements to the procurement process that will, in turn, foster innovation and best practice, said experts at a roundtable hosted by ANZ and FinanceAsia. More risk sharing and a greater focus on sustainability are among key goals.
With the pre-pandemic desire for uncorrelated returns intensifying amid the turbulence of 2020, there is an ever-sharper spotlight on infrastructure as it leverages trends across decentralisation, digitalisation, decarbonisation and democratisation, according to a roundtable hosted by ANZ and FinanceAsia.
Chinese property developers are facing higher financing risk and tighter liquidity positions given the deteriorating cash collection from contracted sales, but strong policies are limiting the damage
Growing demand for green, social and sustainability (GSS) loan and bond issuance across Asia Pacific highlights opportunities for investors and issuers to collaborate further.
For some, change is difficult. But intelligent change allows you to handle the challenges that confront you. More importantly, and as Champion REIT has recognised, it is how you adapt and evolve that truly matters.
Investors and issuers across Asia Pacific are placing increasing emphasis on environmental, social and governance (ESG) factors in their approach to strategy and funding.
