The recent measures taken to allow real-estate equity financing and merger activity by the China Securities Regulatory Commission (CSRC) will significantly improve credit risk in the sector, according to the Economic Information Daily. The latest measures constitute the final part of the “three arrows” support package to improve credit, bond and equity financing conditions for developers. Equity financing is beneficial compared to debt, as it doesn't carry repayment obligations and will improve the balance sheet without affecting the “three red lines”, the newspaper said. The “three arrows” will be help state-owned enterprises and high-quality private real estate enterprises, boosting industry confidence.