China Orders Regulators to Crack Down on Housing Bubble

After the government ordered regulators to step in, property developers are now finding it very hard to raise debt or equity financing for developments; regulatory bodies have been told to stop issuances on the Hong Kong stock market, the Hong Kong bond market and in the Chinese interbank bond market; this is recently after a similar freeze on the Shanghai Stock Exchange; the crackdown is also looking to curb peer-to-peer transactions related to down payments; outstanding mortgage loans are at their highest level ever, $2.4 trillion in the first half of 2016.  Source

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