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
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Airbnb promises to combat sex work in rentals during Paris Olympics
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender