Property de­vel­op­ers now can get eq­uity fi­nanc­ing

China Daily (Canada) - - BUSINESS -

China lifted a ban on eq­uity fi­nanc­ing for listed property de­vel­op­ers, the first time it’s done so in four years. The move may re­duce govern­ment in­ter­ven­tion in the sec­tor and ease fund­ing con­cerns as credit tight­ens and eco­nomic growth slows. Two Chi­nese property de­vel­op­ers said on Thurs­day they re­ceived reg­u­la­tory ap­proval for pri­vate place­ments of shares.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.