China has reported that it is intensifying restrictions on real estate companies seeking to attract resources abroad in order to reduce possible financial risks. The country's state planner stated that any new issuance of bonuses in the offshore market by real estate companies should be used only to replace debts in the medium-and long-term sector that expire next year.
According to the research director of the real Estate services company E-House China R&D Institute, Yan Yuejin "This rule has a powerful regulatory impact". The National Commission for Development and Reform (NDRC) stated in note that real estate companies should also contain external debt risks while maintaining a "reasonable position" in their foreign exchange reserves.
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