Chinese property developers' financing plunged in August amid tightening regulations, deleveraging efforts

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Chinese real estate developers' total financing plunged in August amid tightening restrictions on lending to the sector and homebuilders' continued deleveraging efforts to meet regulatory requirements.

Property developers' total financing was 1,172.8 billion yuan last month, slumping 50.3 per cent from a year earlier and plunging 42.4 per cent from the previous month, according to data from the China Index Academy, one of the country's largest independent real estate research firms.

Notable, that marks the first time this year that real estate developers' financing through all channels have declined on . . .

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