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China reportedly introduces tougher financing rules for property developers

Chinese authority is reportedly introducing tougher financing rules for property developers, in a move to reduce financial risks in the sector and guide funding into the real economy.

The People's Bank of China (PBOC) and the Ministry of Housing and Urban-Rural Development are reportedly to hold meetings with some real estate developers, starting from Thursday, first

Several developers said they have received the notice for the meeting and the management is planning to . . .

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