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China regulators put brakes on onshore debt issues

Move aimed at controlling property prices amid surge in land costs, which have hit record highs in many tier-one and tier-two cities
Tuesday, September 13, 2016 - 05:50
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Home prices in China's biggest cities continued climbing in July, with Shenzhen (above) rising nearly 41 per cent on a year-on-year basis, while prices in Beijing and Shanghai were up 20.7 per cent and 27.3 per cent, respectively.

Hong Kong

THE feverish pace of onshore debt issues by Chinese property developers is set to slow amid signs that regulators are tightening issuance to control rising property prices.

Underwriters said hardly any new developer bond applications were accepted in August in the stock