As domestic financing for property......>

CHINA PRESS: As domestic financing for property developers tightens real-estate

companies' overseas bond issuance rebounded to a record in June and July after

cooling in May, Caixin reported late Monday. From Jan. 1 to July 25 mainland

property developers issued 60 bonds totaling CNY196.45 billion - more than in

all of 2016, Caixin said quoting Bloomberg data. The amount was CNY81.3 billion

in June - a single-month record. Unidentified property experts said the wave of

bond issuance overseas was a result of pressure on developers to repay loans,

diversify financing and policy guidance. But the news media has reported the

National Development and Reform Commission stopped approving property

developers' bond issuance overseas from the second quarter and the increase in

June may be from approvals received earlier. Therefore, the trend in issuance of

bonds by property companies for the rest of the year is unclear, it said.

(Caixin)