The CSRC issued guidance on capital-market support for a new real estate development model, endorsing refinancing by listed property developers. It permits refinancing via private placements to specified investors; proceeds should be directed to mark

2026-08-28

The CSRC issued guidance on capital-market support for a new real estate development model, endorsing refinancing by listed property developers. It permits refinancing via private placements to specified investors; proceeds should be directed to market-oriented real estate projects that meet policy requirements, and the project developers responsible for implementation must comply with regulatory standards. Filings for refinancing by overseas-listed property developers will continue to be processed under applicable rules.