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CHINA-PROPERTY/BONDS
RTR45O5Z
10 Sep. 2014
A cat is seen near houses under demolition in Xintiandi... more
CHINA-PROPERTY/BONDS
RTR45O5Z
10 Sep. 2014
Shanghai, China
A cat is seen near houses under demolition in Xintiandi area, one of the most expensive per square meter of Shanghai, September 10, 2014. China is relaxing its financing rules for listed property firms by allowing those that qualify to sell medium-term notes in the interbank market. A housing slowdown has forced a cash squeeze on some developers. A Reuters study in June showed cash to short-term-debt ratios for some 80 listed property companies were at two-year lows. China's once-heated property market is experiencing its sharpest slowdown in two years as sales and prices turned south after an exceptionally buoyant 2013. REUTERS/ Carlos Barria (CHINA - Tags: BUSINESS POLITICS ANIMALS)
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