Regulators Beef Up Curbs on Property Developers' Efforts to Generate Funds

(Beijing) — China's securities regulators are taking new measures to clamp down on efforts by real estate companies to raise cash amid continuing efforts to cool the nationwide property frenzy.

Developers have been prohibited from issuing bonds and listing on the Hong Kong Stock Exchange, according to sources close to the China Securities Regulatory Commission (CSRC) and the National Development and Reform Commission (NDRC) — China's top economic planner, which also approves the issuance of enterprise bonds.