China Securities Regulatory Commission (CSRC) Spokesperson announced at a regular news conference on September 6 that CSRC kept unchanged on refinancing of listed real estate companies.
CSRC has established a coordination mechanism with the Ministry of Land and Resources (MLR) and the Ministry of Housing and Urban-Rural Development (MHURD) to seek advice from MLR and MHURD on the application of listed real estate companies to invest the re-financed capital in commodity residential housing and require agencies to carry out special inspections.
The details on the verification of refinancing of real estate companies by CSRC will be completed within two to three weeks at earliest.
Source:
http://www.sinocast.com/readbeatarticle.do?id=99186
