China ramps up approvals of developers' share sales

Regulators increase support for sector, clearing $5.59bn of private placements

20230615 Caixin real estate file photo

China’s housing market recovery weakened during the second quarter after a short rebound in the first.

WANG JING and HAN WEI, Caixin

Regulators have been accelerating approvals for real estate developers' private share sales, signaling a doubling down on support to help the companies alleviate liquidity strains.

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