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CHINA PRESS
CHINA PRESS: Market sentiment in China has exaggerated the difficulty of
financing for real estate developers, Securities Daily reports. Citing Zhang
Dawei, chief analyst at Centaline Property, the Daily says that despite tight
regulations, developers are still able to borrow offshore funds at stable cost.
Zhang said dollar bonds issued by developers will hit a historic high this year,
with over $65 billion issued in the first 11 months, an increase of 50% on the
same period last year. Quota limits, however, limit dollar bonds as a major
source of developers' funds, Zhang said. 

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