Debt Explorer | After a challenging three years for China's real estate sector, a government stimulus package and improving macroeconomic conditions have raised hopes that the industry has turned a corner

COVID-19 disruption has had little impact on borrowers' ability to refinance debt and extend loan maturities

The decline in H1 2020 leveraged finance issuance has seen some lenders intensify their focus on pricing and borrower-friendly loan structures, but lender responses to the impact of COVID-19 have diverged across regions