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China's land developers told to pay international debts on time

Meeting of regulators and companies aimed at stabilizing markets

The State Administration of Foreign Exchange (SAFE) is investigating the offshore debts of property developers and facilitating repayment of overseas bonds.   © Reuters

China's regulators are stepping up efforts to ensure that property developers and other companies can repay the interest and principal on their offshore bonds on time, after a string of missed and late payments triggered turmoil in the bond markets, fueling concerns about a potential liquidity crunch and more defaults.

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