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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