China Resources Land's 20 billion yuan corporate bond recently received registration approval from the Securities Regulatory Commission. Regarding the use of this large financing, China Resources Land responded today that 11.5 billion yuan will be used to repay maturing corporate bonds, and 8.5 billion yuan will be invested in residential projects in core cities such as Beijing, Shanghai, and Hangzhou that meet policy requirements. According to information, this corporate bond is the first batch of approved and registered housing enterprise corporate bonds after the release of a series of real estate financing policies on August 28. It is also an iconic practice in the capital market to help real estate development. The bonds will be issued and listed in installments on the Shenzhen Stock Exchange.

China Resources Land's 20 billion yuan corporate bond recently received registration approval from the Securities Regulatory Commission. Regarding the use of this large financing, China Resources Land responded today that 11.5 billion yuan will be used to repay maturing corporate bonds, and 8.5 billion yuan will be invested in residential projects in core cities such as Beijing, Shanghai, and Hangzhou that meet policy requirements. According to information, this corporate bond is the first batch of approved and registered housing enterprise corporate bonds after the release of a series of real estate financing policies on August 28. It is also an iconic practice in the capital market to help real estate development. The bonds will be issued and listed in installments on the Shenzhen Stock Exchange.