As foreign funding for Chinese real estate dries up in the global financial crisis, developers who were once the darling of overseas investors have had to turn to their home market to meet their financial obligations.
A growing number are preparing various bond and rights offerings, as they seek funds to pay for their aggressive expansion of the last two years.
But many, especially weaker players, may have trouble raising funds from investors wary about a real estate bubble. And developers whose offerings fail could be forced to put themselves up for sale or face potential insolvency.
