Shimao Group said it plans to raise funds from a share sale not exceeding 30 per cent of its current capital base. Photo: Reuters
Shimao Group said it plans to raise funds from a share sale not exceeding 30 per cent of its current capital base. Photo: Reuters

Chinese developers line up to tap equity financing after regulators lift ban on share sales

  • Hubei Fuxing, Shimao Group, Xinjiang Beixin and Xiamen C&D have released their share placement plans
  • China’s markets watchdog announced a five-point policy on Monday, which included lifting a six-year ban on equity financing, to address the sector’s liquidity issues

Shimao Group said it plans to raise funds from a share sale not exceeding 30 per cent of its current capital base. Photo: Reuters
Shimao Group said it plans to raise funds from a share sale not exceeding 30 per cent of its current capital base. Photo: Reuters
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