Five Chinese Developers Set to Raise $3.9 Billion in Placements

China’s market regulator granted approvals to four real estate companies for private share placements in the onshore market, with about 28.4 billion yuan ($3.93 billion) potentially being raised in upcoming weeks.

The China Securities Regulatory Commission gave the green light for Poly Developments and Holdings Group, CCCG Real Estate Corp., Greattown Holdings Ltd. and Hubei Fuxing Science and Technology Co. to move ahead with their share sales, according to filings late Tuesday and on Wednesday. They add to an approval granted earlier this month to China Merchants Shekou Industrial Zone Holdings Co.

All of the companies ...