China Boosts Developer Funding by Resuming Local Share Sales
- Securities regulator unveils five measures for property firms
- Funding moves add to support for embattled real estate sector
This article is for subscribers only.
China will end one of its major equity fundraising bans on property developers to ease the real estate downturn, allowing listed builders to sell local shares for debt repayment and acquisitions.
Some multi-year restrictions on stock sales by developers will be lifted Monday to support the “stable and healthy” development of the sector, the China Securities Regulatory Commission said in a statement introducing five new measures.