A piece in Chinese press (Caixin) reports on further efforts at deleveraging, or at least preventing releveraging:
- China Banking and Insurance Regulatory Commission (CBIRC) has asked 12 more trusts to keep their real-estate investments in check
- to stop illegally funding developers
This is an effort to limit speculation in the rebounding property market
- 10 companies were thus advised on July 3
- a further 12 advised this week
A CBIRC official said at a press briefing the aim is to curb speculation in the real estate market.
