HONG KONG/BEIJING, April 25 (Reuters) - Several Chinese
property developers attended talks with China's central bank
last week to discuss the sale of distressed assets and other
ways to support the real estate industry that has been battered
by defaults, sources familiar with the matter said.
The central bank said last week it had held discussions with
banks and asset management firms to discuss support for the
economy and property sector, but it had not indicated that
property developers had also been invited.
One of the sources told Reuters about a dozen developers
attended the meeting, which was held on Tuesday. The source did
not list the attendees by name.
China Evergrande Group and Kaisa Group
were among those invited, two of the sources said. China
Securities Journal reported that Zhongliang Holdings
and Yango Group were among those which attended.
When asked for details, the central bank said it had met 18
national commercial banks and five asset management firms to
discuss financial support for the economy, including maintaining
orderly financing for developers and facilitating merger and
acquisitions of distressed assets held by major property firms.
It did not say whether property firms also attended.
Kaisa declined to comment. Evergrande, Zhongliang and Yango
did not respond to requests for comment.
Beijing has signalled there would be more government support
for the embattled sector after bond payment defaults by
Evergrande and other property developers rattled global markets.
But China's pledges to shore up the industry have done
little to boost prospects, developers have said, as they
struggle to access funding and many local government authorities
remain reluctant to ease development rules.
Two developers which attended Tuesday's meetings said on
Monday they were not very optimistic about prospects for
securing more financing from banks.
(Reporting by Clare Jim in Hong Kong and Shuyan Wang in
Beijing; Editing by Edmund Blair)