The share prices of Chinese real estate developers have been hit by talk of funding difficulties within the industry, reflecting concerns that the debt-fueled expansion of recent years could now be under threat as government tightening crimps sales activity.
Analysts acknowledged some smaller developers are under threat. But concerns about liquidity shortages and funding breakdowns are overblown, they say, arguing that China’s shadow banking system will continue to provide abundant — if costly — funding for the sector……………………………………….Full Article: Source