China’s securities regulator is looking to tighten rules for listed real estate firms to issue bonds and offer private placements, in a move to curb excessive capital flowing into the property market, the official Shanghai Securities News reported on Wednesday.
The Shanghai Stock exchange, directly administered by the China Securities Regulatory Commission (CSRC), is planning to raise the bar for real estate companies to issue corporate bonds, the report said, citing multiple sources close to the matter.
Among the requirements are issuing companies must be AA rated and fulfil one of the four conditions, the newspaper said, citing an initial draft. But the report didn’t specify the conditions.Risk Warning:
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