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Chinese major developers’ financing more than halved in September amid tightening rules

Chinese leading property developers' financing more than halved in September from the previous month as the sector rushes to abide by the tighter financing rules meant to tackle unbridled borrowing in the real estate sector.

China's 40 major listed real estate developers raised only 40.2 billion yuan last month, marking the lowest monthly this year and sliding 51.4 per cent from the previous month, according to data from Tongce Realty Consultancy.

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