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Chinese property developers’ dollar bond issuance surged, land purchase spending hit record high in first 11 months

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Offshore bonds issued by Chinese real estate developers surged in the first eleven months of the year, despite tightening rules on homebuilders' financing. Leading developers' spending on land purchase so far this year hit a new record high.

Chinese mainland developers issued nearly $6 billion worth of bonds in the offshore market in November, according to data from the Centaline Property Agency and Wind Information.

That's an extension of a rising trend seen in . . .

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