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Authorities in China will require property developers to disclose commercial paper debt every month

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CP debt levels to be disclosed as issuance expands rapidly. Its been a popular method for property developers in the country to raise funds. 

  • commonly used in the property sector as a payable that promises construction suppliers a payment on a future fixed date
  • usually within one year
  • suppliers sometimes sell the paper before maturity at a discount in the secondary market

The move is aimed at reeling in rising debt in the property sector.

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