Chinese Property Developers

Chinese mainland-based developers bought back $560M worth of own shares in July China Evergrande alone spent $382M buying back its shares

(Credit: Pexels)

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 diff上海夜网

erent mainland markets, sales are slowing and many developers continue to carry large debt 上海千花网


s, according to the South China Morning Post. But observers are skeptical of the developers s新爱上海同城对对碰论坛


“Chinese developers still have a lot of borrowings so their growth will continue to slow. We are not optimistic even if there is going to be some rebound in stock prices after the sharp declines,” Haitong International Securities Ruby Wong told the Post. Wong s view echos many analysts and fund managers outlook.

China Evergrande stood out among the ranks of developers buying bac新爱上海同城对对碰论坛

k shares because it has bought so many of its own shares that it risks being in violation of the stock exchange s minimum requirements for free float. [SCMP]

Tags: china, Real Estate Finance
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