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UPDATE: China tightens financing rules for property developers as land market heats up

Chinese regulators are tightening financing rules for real estate developers after they went on a shopping spree earlier this year, raising concerns about overheating risk in the land market.

The regulators plan to tighten real estate developers' financing from public markets, including issuance of bonds and asset-backed securities (ABS), according to China's 21st Century Business Herald, citing sources close to the authorities.

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