Refinancing curbs may hurt realty
By Wu Yiyao in Shanghai | China Daily | Updated: 2016-08-08 07:56
Moves are afoot to prevent bubbles from forming in the land market and property development
The China Securities Regulatory Commission has said A-share companies cannot use refinanced capital for purposes other than those for which it was raised.
This decision is likely to make it more difficult for realty developers to raise money from refinancing channels.
Photo
