China Cuts Credit Flow to Real Estate

Caixin: China Suspends Some Developers’ Bond Sales to Rein in Risks
The move follows recent measures by China to keep the housing market in check by reining in excessive borrowing by property developers. Several builders that were found to have bid aggressively in land auctions saw their bond and other debt issuance plans in the exchange market suspended by regulators, people familiar with the matter said earlier this month.

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