Some Chinese banks have been told by financial regulators to issue more loans to property firms for project development, two banking sources with direct knowledge of the situation told Reuters on Monday, in efforts to marginally ease liquidity strains across the industry. Chinese authorities have yet to publicly give any signal that they will relax the "three red lines" - financial requirements introduced by the central bank last year that developers must meet to get new bank loans.

China’s central bank signaled possible easing measures to aid the economy’s recovery after a sharp downturn in recent months fueled by a property slump, Bloomberg News reported. In its latest quarterly monetary policy report published Friday, the People’s Bank of China removed from its policy outlook a few key phrases cited in previous reports, including sticking with “normal monetary policy.” That suggests a shift in stance toward more supportive measures, several major banks like Citigroup Inc., Nomura Holdings Inc. and Goldman Sachs Group Inc. said.

China should be able to contain the economic impact of financial strains experienced by real-estate developers but needs to step-up fiscal support for its slowing economy, the International Monetary Fund said, Bloomberg News reported. Downside risks to the IMF’s forecast of 8% growth in China this year and 5.6% in 2022 “are accumulating” due to factors such as “pandemic uncertainty” and weak consumption, the IMF said in a press release following an annual survey of the world’s second-largest economy.

China Evergrande Group plans to sell the rest of its stake in HengTen Networks Group Ltd. for HK$2.13 billion ($273 million), the first Hong Kong-listed business to be dropped by the debt-stricken property giant, Bloomberg News reported. The developer agreed to sell its 18% holding in the internet services firm to Hong Kong-based Allied Resources Investment Holdings Ltd. at HK$1.28 apiece, according to a Hong Kong stock exchange filing. That’s a discount of about 24% to the last close on Wednesday.

China Huarong Asset Management Co. plans to raise as much as 42 billion yuan ($6.6 billion) by selling shares to a group of state-backed investors and said it will divest more assets as it unveiled long-waited details on a rescue package to keep the troubled bad-debt manager afloat, Bloomberg News reported. The Beijing-based firm will sell no more than 41.2 billion shares to investors led by Citic Group at 1.02 yuan apiece, a 23% premium to the last closing price before the suspension of trading, according to a Hong Kong Stock Exchange filing late Wednesday.

China plans to let property companies resume issuance of asset-backed securities, ending a three-month market freeze as authorities move to insulate higher-rated developers from an industrywide funding crunch, Bloomberg News reported. Financial regulators recently told Chinese exchanges that “high quality” developers can apply to issue new ABS to repay outstanding debt, people familiar with the matter said, asking not to be identified discussing private information. A unit of state-owned developer China Resources Land plans to issue 520 million yuan ($81.5 million) of ABS this week.

Suning.com, a Chinese retail and e-commerce conglomerate, posted a statement Tuesday morning on Twitter-like social media platform Weibo, saying that the topic reading “Suning.com to declare bankruptcy at the end of December” was a rumor and that the company was operating normally, Pandaily.com reported. It has also reported the incident to public security officials, and the rumormongers will be investigated for legal responsibility according to law. At the end of October, Suning.com released its financial report for the third quarter of 2021.

As developer China Evergrande Group scrambles to meet its debt obligations, its founder is freeing up funds from luxury assets including art, calligraphy and three high-end homes, Reuters reported. Chinese authorities have told Evergrande chairman Hui Ka Yan to use some of his personal wealth to help pay bondholders. Evergrande's troubles in meeting bond repayments have rattled markets and left many of its investors, creditors and suppliers in financial chaos.

At least some of Chinese developer Kaisa Group Holdings Ltd.’s creditors haven’t received bond interest that was due last week, according to people with knowledge of the matter, starting the clock on a 30-day grace period before a default, Bloomberg News reported. As of 6 a.m. in New York on Nov. 15, investors in Kaisa’s dollar bonds had yet to receive their payments, said the people, who asked not to be named discussing a private matter. The developer had coupon payments totaling $88.4 million due on Nov. 11 and Nov. 12.

Sunac China Holdings Ltd. raised about $953 million through the sale of new shares as well as a stake in its property management unit, the latest Chinese developer to seek funds amid an industry-wide liquidity crunch, Bloomberg News reported. Sunac said it sold 335 million shares at a price of HK$15.18 each, raising about $653 million, in a statement Sunday. Another $300 million came from a sale of 158 million shares in its property management arm Sunac Services Holdings Ltd., via a subsidiary. Sunac Services shares were sold at HK$14.75, a discount of 11% to Friday’s closing price.