Shanghai to Sell $1.1 Billion Bonds Backed by Public Home LoansBloomberg News
The product is the first such ABS on interbank market
The move can boost home sales and ease property inventory
Shanghai plans to sell 6.96 billion yuan ($1.09 billion) of bonds backed by local government-managed funds that provide mortgages as China seeks to boost home sales and clear a nationwide property oversupply.
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