China Said to Mull Curbs on Private Bonds Sold by Property Firms
- Securities Association of China seeking opinions, people said
- Authorities have taken other steps to restricting financing
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One of China’s bond regulators is considering curbing property developers’ private note sales, people familiar with the matter said.
The Securities Association of China, which operates under the China Securities Regulatory Commission, is seeking opinions on the restrictions under consideration. Builders that aren’t qualified to sell public bonds regulated by the CSRC will be added to the association’s list of companies banned from issuing securities in private placements. Two calls to the general office of SAC went unanswered.