Highly leveraged property companies.....>

CHINA PRESS: Highly leveraged property companies are facing increasing headwinds

to further debt accumulation, Economic Information Daily reported. 

- As of the end of March, debt ratio of half of listed Chinese property

companies exceeded 70% while around 40 reached more than 80%, the newspaper

said; 

- As property controls continue to take effect, the government's restrictions

for developers' financing increase, and profits decline, some property companies

are facing pressure; 

- Developers, including Evergrande, Ronshine and Minmetals Land, expressed a

willingness to reduce debt ratios amid strengthening regulation and tight

financing.