Chinese property developers' bond financing tumbled over 40% on year in Q1, most bonds issued by state-owned companies

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Chinese property developers' bond financing tumbled by more than 40% year over year in the first quarter, although it picked up slightly from the previous quarter, and most of the bond issuers were state-owned companies, with private firms still having limited access to the capital market.

Real estate developers raised a total of 173.3 billion yuan through bond sales in both onshore and offshore markets in the first three months of the year . . .

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