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2016年10月20日,世邦魏理仕发布《信用风险隐现?——中国房地产市场债务评估》报告。报告指出,随着融资渠道的拓宽、境内债券市场活跃度增强、一线和部分重点城市住宅销售回暖,及中小型城市去库存进程,开发商偿债能力有所提高。与此同时,小型本土开发商偿债付息能力面临挑战,但这反而为投资者创造了投资机遇。2014年以来,政府颁布了一系列新的调控政策,包括开放境内债券市场、鼓
On October 20, 2016, CB Richard Ellis released the “Credit Risk Disclosure - Report on the Debt Assessment of China’s Real Estate Market.” The report pointed out that with the expansion of financing channels, the active bond market in China has been strengthened, residential sales in the first-tier cities and some key cities have picked up, and the inventory-removing process in small and medium-sized cities has increased the solvency of developers. At the same time, the ability of small local developers to service their debt and pay is challenged, but this in turn creates investment opportunities for investors. Since 2014, the government has promulgated a series of new regulatory policies, including the opening up of the domestic bond market, the drum