Chinese property developers' bond financing dropped further in October, land buying declined significantly

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Chinese property developers' bond financing continued declining in October and they become more cautious in land buying as the country's housing markets cooled further.

Property developer's bond financing, including those in onshore and offshore markets, reached 799.3 billion yuan in the first ten months of the year, according to data from Beike Research Institute. That's 24 per cent or 246.3 billion yuan lower than the same period in 2020, accelerating . . .

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