Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Hong Kong-Listed China Developers Plunge in Early City Trading

Sept. 22 (Bloomberg) -- Hong Kong-listed Chinese real-estate developers declined in early trading on the city;s stock exchange after Credit Suisse Group AG said China appears to be limiting funding for property companies.

KWG Property Holdings Ltd. fell 13 percent as of 10:15 a.m., Renhe Commercial Holdings Co. 12 percent, Country Garden Holdings Co. 13 percent, Agile Property Holdings Ltd. 13 percent, Greentown China Holdings Ltd. 10 percent and Shimao Property Holdings Ltd. 10 percent.

A Reuters report that the China Banking Regulatory Commission ordered trust companies to inform the regulator of their dealings with Greentown may be a sign that China is trying to restrict financing sources for developers, Credit Suisse analyst Jinsong Du wrote in a report today.

Link to Company News:{1387 HK <Equity> CN <GO>} Link to Company News:{1813 HK <Equity> CN <GO>} Link to Company News:{2007 HK <Equity> CN <GO>} Link to Company News:{3383 HK <Equity> CN <GO>} Link to Company News:{3900 HK <Equity> CN <GO>} Link to Company News:{813 HK <Equity> CN <GO>}

To contact the editor responsible for this story: Stanley James at sjames8@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.