Beijing could raise 6 trillion yuan, or $850 billion, by selling treasury bonds over the next three years, sources told Caixin Global.

In September, China’s central bank announced its most aggressive measures since the pandemic to get its economy back on track after it became clear the country might miss its 5 percent gross domestic product (GDP) growth target for 2024.

Embattled property developer Sunac China said on Thursday it is seeking to raise HK$1.21 billion ($155.70 million) to repay its existing corporate debt, at a time when China is dealing with a downturn in the property market.

Sunac China Holdings Ltd. will raise about HK$1.2 billion ($155 million) through placements, the first time in a year that the developer is doing an equity fundraising.