Skyline of Shanghai from The Shanghai Tower. The 128-story megatall skyscraper in Lujiazui, Pudong, Shanghai. With a height of 632-metre, it is the world's second-tallest building by height to architectural top.Photo: SCMP/Simon Song

China’s regulator pours cold water on debt-fuelled land purchases, starting with Shanghai

The latest move tightens the lid on financing for property development, part of the government’s year-long campaign to cool the country’s overheating real estate market and curtail runaway prices from causing social unrest.

Topic |   Property financing

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Skyline of Shanghai from The Shanghai Tower. The 128-story megatall skyscraper in Lujiazui, Pudong, Shanghai. With a height of 632-metre, it is the world's second-tallest building by height to architectural top.Photo: SCMP/Simon Song
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