Chinese listed property companies.......>

CHINA PRESS: Chinese listed property companies hold large amounts of cash at the

moment, with the largest firms holding more than CNY100 billion each, but this

situation is unlikely to continue due to funding issues later this year, the

21st Century Business Herald reported Friday. Property sales in the first half

were robust and property companies added to their cash holdings by swapping

short-term loans for long-term credits, the newspaper said. But as the property

sector continues to cool and financing channels tighten further, property

companies will face obstacles in obtaining funding, which is likely to require

them to spend some of their cash. The peak time for the maturity of bonds they

have issued is approaching. In mid-2017, the long-term debt ratio of 128

property companies stood at 30.85% and was almost 70% for short- and medium-term

debt, the newspaper, citing data from Wind Information. An anonymous property

professional told the newspaper that the government is unlikely to loosen

controls on the property sector, so there's a low chance for an upward trend in

the sector at the end of the year. (21st Century Business Herald)