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CHINA PRESS
CHINA PRESS: Despite an increase in onshore bond issuance, the finances of
Chinese property developers are still tight, 21st Century Business Herald
reported Friday.
  - Property companies of different sizes vowed to deleverage and seek cash
returns at their half-year result conferences this year, the newspaper said;
  - Several companies predict financing costs will continue to rise for them
over the rest of the year, the report said;
  - Chinese banks are following the central government's policy to strictly
control credit flowing to the property market, which is weighing down
development of the sector, the newspaper said, citing a bank's manager;
  - Developers issued CNY25.1 billion and CNY16.7 billion bonds onshore in July
and August respectively, higher than CNY11.1 billion in June.

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