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Some Chinese banks suspended offering...>

CHINA PRESS
MNI (Beijing)
CHINA PRESS: Some Chinese banks suspended offering credit to property developers
or loaning to real estate projects while some said they've slowed the approval
process, China Securities Journal reported Wednesday.  
 - Actions followed tougher lending procedures on property industry ordered on
banks and financial trusts: Journal;
 - Rental properties still receive normal funding: Journal cited market source.
***COMMENT: MNI sources said forced by the tougher environment domestically,
developers are increasingly turning to selling offshore bonds to seek financing,
though that too needs regulatory approval.

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