Most of the 59 property developers......>

CHINA PRESS: Most of the 59 property developers listed as A shares which have

already released their first half-year results stressed they would invest in

expanding China's rental housing  market followed government prompting to expand

rental housing supply, the Shanghai Securities Journal said in a front-page

report Friday. The development of the rental housing market and active

participation of listed property companies will further curtail the rise of

housing prices and help the property market to reach a balanced and healthy

development status, the newspaper quoted experts as saying. Currently, larger

property companies tend to have higher profit growth due to stronger sales, the

newspaper noted. "Larger sales scale means lower financing costs and higher

efficiency in land acquisition," the newspaper said. (Shanghai Securities

Journal)