Country Garden asks for more time to repay renminbi bond
碧桂园请求为一只人民币债券增加40天宽限期
Proposal for grace period is further sign of financial strain on China’s property sector
这是中国最大民营房地产开发商之一陷入困境的最新迹象，凸显出中国房地产行业的资金紧张正在加剧。
Country Garden has requested a 40-day grace period for a renminbi bond maturing next week, in the latest sign of distress at one of China’s largest private property developers.The request came just a day ahead of Country Garden’s first-half results and underscored the intensifying financial strain on the Chinese real estate sector, even after top officials pledged greater support for the cash-strapped industry last month.
碧桂园(Country Garden)已请求给予一只本周将到期的人民币债券40天宽限期，这是中国最大民营房地产开发商之一陷入困境的最新迹象。
The lack of more concrete stimulus to bail out the ailing sector has piled downward pressure on developers’ Hong Kong-listed shares, which have fallen by about a third this year alongside a string of missed payments on dollar bond obligations.
碧桂园就在发布半年业绩的一天前提出这一请求，凸显出中国房地产行业的资金紧张正在加剧，即便中国最高官员上月已经承诺对这个现金紧张的行业给予更大支持。
Underscoring concerns over the sector’s liquidity crisis, China Evergrande shares fell almost 90 per cent when they resumed trading for the first time in 17 months and as the developer delayed a crucial restructuring meeting with creditors on Monday.
由于缺乏更多实质刺激来为这个处境艰难的行业纾困，这家开发商的香港上市股票承受了下行压力。随着碧桂园未能如期偿付一系列美元债券利息，其股票今年已经下跌约三分之一。
