China Ramps Up Pressure on Developers in New Move to Cool Home Prices

(Beijing) — China is set to further tighten rules to restrain funding for property developers as the government continues efforts to rein in rising home prices.

Following recent government curbs on exchange-traded bond issuance, the National Development and Reform Commission (NDRC), China's top economic planner, now will block commercial project developers from using enterprise bonds for fundraising, according to several sources close to the NDRC. The NDRC also approves the issuance of enterprise bonds.