China’s property developers are looking at various options to raise funds as traditional mainland sources dry up.
The central government treading a fine line between reining in rising property prices and addressing off-balance sheet problems has stepped in with measures to clamp down on the availability of bank lending.
However, mainland regulators on March 19 allowed two Chinese developers Tianjin Tianbao Infrastructure and Join In Holding to issue new A-share stock sales in the form of private placements, opening up a fundraising avenue that has been closed for almost four years.
Although this is viewed by analysts as a positive step as it...
¬ Haymarket Media Limited. All rights reserved.
