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
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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 exchange markets, following a flood of onshore deals totalling 1.1 trillion yuan (S$224.1 billion) in the past 16 months, according to Wind, a Chinese financial data provider.
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