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Property Developers Feel Bond Market Chill

Real estate developers are facing mounting debt repayments this year. Photo: VCG
Real estate developers are facing mounting debt repayments this year. Photo: VCG

Risk aversion among investors, tougher scrutiny by regulators and rising bond defaults are causing jitters among Chinese real estate developers who need the bond market for financing.

Six major listed developers have suspended bond sales since May, totaling 45 billion yuan ($7 billion), according to the latest data from the Shenzhen and Shanghai bourses.

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