China’s property developers to propose debt maturity extension, restructuring to regulators

Dhwani Mehta FXStreet

Some Chinese property developers at Tuesday’s regulatory meeting expressed intention to extend offshore bond maturities, Reuters reports, citing sources with knowledge of the matter.

They also proposed debt restructuring, the sources added.

Market reaction

The above headlines fail to have any market impact, as the risk-off mood extends into the European session. Although the S&P 500 futures advance 0.15% on the day, pointing to a positive Wall Street open.

Meanwhile, AUD/USD is feeling the pull of gravity, slipping below 0.7500 despite the hotter Australian inflation data.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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