Tighter financing rules for developers on the cards

Beijing

CHINA'S securities regulator is looking to tighten rules for listed real estate firms to issue bonds and offer private placements, in a move to curb excessive capital flowing into the property market, the official Shanghai Securities News reported on Wednesday.

The Shanghai Stock exchange, directly administered by the China Securities Regulatory Commission (CSRC), is planning to raise the bar for real estate companies to issue corporate bonds, the report said, citing multi…