Struggling mainland property developers should be allowed to go, hard hat in hand, to Beijing for bailout funds, economists have said.
According to Standard & Poor's chief Asia economist Subir Gokarn, Beijing's 4 trillion yuan (HK$4.54 trillion) fiscal stimulus package should be extended to support private property developers as well as funding government infrastructure projects.
Shares in Hong Kong-listed mainland property companies are suffering as investors fear they will halt projects after failing to raise cash on the stock and bond markets.
South China Morning Post
No comments yet