Chinese property developers' first-half financing hit lowest since 2018 amid the sector's deleveraging

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China's top 100 property developers raised a total of 609 billion yuan in funding in the first half of this year, sliding 34 per cent from the same period last year and down 29 per cent from the previous six-month period, according to a report from the China Real Estate Information Corporation (CRIC), a real estate consultancy. The figure marks the lowest half-year level since 2018.

The developers' fundraising declined on both year-on-year and quarter-on-quarter basis in the first quarter the year, hitting the lowest level since the third quarter . . .

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