China Eases Share Sale Rule for Property-Related Companies
China’s securities regulator is easing restrictions on certain real estate-related companies to raise funds from domestic stock sales. The measure is another move to shore up an economy that has been hobbled by the ailing property market.
The China Securities Regulatory Commission (CSRC) will allow certain companies with small interests in the real estate business to sell shares, but the proceeds cannot be invested in the property business, sources close to the commission said.
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