Regulator to Open Fundraising Spigot for Developers, Experts Say

(Beijing) – The country's real estate market has been buzzing with the possibility the securities regulator will loosen restrictions on property developers' fundraising.

The cause for the chatter was speculation an industry leader was mulling acquiring a Shanghai-listed competitor.

Shanghai Jinfeng Investment Co. Ltd., a real estate developer and service provider, announced on July 2 that it would suspend trading of its stock due to a "major event" over which the company had asked for the opinion of China Securities Regulatory Commission (CSRC).