China may raise an additional 6 trillion yuan ($850 billion) from special treasury bonds over three years to stimulate a sagging economy, local media reported, a figure that failed to revive sentiment in the country's stock market.

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

The finance minister outlines measures to support the country’s property market and local governments, but offers no specific amount of potential stimulus package.

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.

STORY: China pledged on Saturday (October 12) to "significantly increase" debt in a push to revive its sputtering economy.But it left investors guessing on the overall size of the stimulus package - a vital detail to gauge the longevity of its recent stock market rally.

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.

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.