Developers in China are buying back millions worth of shares as markets cool. The buy-backs come as Beijing has introduced tight regulations for the industry in 30 different mainland markets, sales are slowing and many developers continue to carry large debt loads, according to the South China Morning Post. But observers are skeptical of the developers’ strategy. “Chinese developers still have a lot of borrowings so their growth will continue to slow. We are not […]
source https://therealdeal.com/2018/07/29/chinese-mainland-based-developers-bought-back-560m-worth-of-own-shares-in-july/
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