Despite an increase in onshore bond.....>

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.