According to CoinMeta, the Hong Kong Monetary Authority (HKMA) has once again encouraged banks to support developers with refinancing in order to prevent another setback for the commercial real estate market. Recently, the HKMA held meetings with the Hong Kong Real Estate Developers Association and banks to discuss the debt maturity issues of several developers. In addition to a few large developers, the discussions also focused on the refinancing difficulties that several medium-sized developers are about to face, as they have assets but lack cash flow. A spokesperson for the HKMA stated that the authority communicates with banks and other stakeholders from time to time, but would not comment on the specific content of these discussions.