Bloomberg News

China Unlikely to Roll Back Property Price Curbs, S&P Says

October 26, 2011

Oct. 26 (Bloomberg) -- China is unlikely to roll back property price controls in the next six months, Standard & Poor’s said in a report, according to statement from the rating company distributed by e-mail today.

“Refinancing risks for Chinese property developers are increasing because of tight monetary policy and narrowing financing channels,” the report by Bei Fu, an analyst at the rating company, said.

Liquidity for the companies could be hurt if property sales decline significantly, Bei said.

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net


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