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DaFa Properties Group Limited -- Moody's: Rated Chinese property developers will continue to increase market share through 2019

Moody's Investors Service says in a new report that its rated Chinese property developers will continue to grow their market share in the second half of 2019, underpinned by stronger execution and improved access to funding. "The three-month moving average contracted sales value for the 29 developers that we track -- of the 64 that we rate -- rose 26% year-on-year in May compared to 22% in April, and outpacing the 10.4% national sales growth in May," says Cedric Lai, a Moody's Vice President and Senior Analyst.