Nov 13, 2012 04:10 PM

Developers Head to Hong Kong to Raise Funds

By staff reporters Cao Wenjiao and Fu Tao

(Beijing) – Chinese property developers are turning to the securities market in Hong Kong to raise money, as mainland financing remains under regulatory restraints.

The latest company to launch an initial public offering in Hong Kong was Cifi Group. The Shanghai-based residential developer started offering new shares to overseas investors on November 13. Its share listing is scheduled for November 23.

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