Half a month after the implementation of the “8 28” new policy for the property market, the real estate sector of the A-share market welcomed its first refinancing project. At the end of August this year, the “Opinions on Capital Market Support for the Construction of a New Real Estate Development Model” issued by the Securities Regulatory Commission mentioned that listed real estate development companies are supported to comprehensively use tools such as shares, targeted convertible bonds, and cash to purchase assets. Among them, those that issue shares or targeted convertible bonds to purchase assets can raise supporting funds and use them for real estate projects that meet policy requirements and pay compensation for this restructuring transaction. Recently, Poly Development disclosed a 5 billion yuan targeted convertible bond raising manual, becoming the first listed housing enterprise among A-share real estate listed companies to start refinancing after the implementation of the new real estate policy.

Half a month after the implementation of the “8 28” new policy for the property market, the real estate sector of the A-share market welcomed its first refinancing project. At the end of August this year, the “Opinions on Capital Market Support for the Construction of a New Real Estate Development Model” issued by the Securities Regulatory Commission mentioned that listed real estate development companies are supported to comprehensively use tools such as shares, targeted convertible bonds, and cash to purchase assets. Among them, those that issue shares or targeted convertible bonds to purchase assets can raise supporting funds and use them for real estate projects that meet policy requirements and pay compensation for this restructuring transaction. Recently, Poly Development disclosed a 5 billion yuan targeted convertible bond raising manual, becoming the first listed housing enterprise among A-share real estate listed companies to start refinancing after the implementation of the new real estate policy.