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China: Property developers pledge shares to borrow funds

Posted on 26 June 2012

Listed property developers have pledged 11.6 billion of their own shares to borrow funds, as persistent tightening measures cut them off from other sources of financing.
Fifty-eight A-share developers have each pledged an average of 132 million shares as of June 21, website China.com.cn reported………………………………………..Full Article: Source


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