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The People’s Bank of China (PBOC) and the Ministry of Housing and Urban-Rural Development held a conference with 12 top Chinese property developers requiring the homebuilders to lower debt level under tighter financing rules, according to the Economic Information Daily, a newspaper under China's official Xinhua News Agency.
Developers taking part the conference included Country Garden Holdings Co. Ltd, China Evergrande Group, Sunac China Holdings Ltd, China Vanke Co. Ltd, China Poly Group Co Ltd, Future Land Development Holdings Ltd, Zhongliang Holdings Group, China Overseas Land & Investment Ltd, Overseas . . .
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