Chinese property developers have made an aggressive return to Asia’s dollar-denominated debt market as the country’s top economic planner allows more offshore deals.
The National Development and Reform Commission has started to approve more developers for offshore bond issuance after slowing the process at the start of the year, according to two people familiar with the matter.
The NDRC, which approves issuance, along with other regulators, held up some approvals due to fears the country’s housing market was once again overheating.
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