Qualified property companies will be categorised into normal, special and risky for different bond issuance conditions, draft rules from the CSRC show

In a move that signals a wider crackdown on bond sales by Chinese property companies, Shanghai Stock Exchange has suspended bond raising applications from developers that would be disqualified from issuing corporate debt under new guidelines expected to be issued by the securities regulator, industry sources said.

Read more on: www.scmp.com