Chinese property developers are looking to private equity, foreign funds and wealthy individuals to survive the country’s ongoing tight credit environment and property regulations, the Financial Times reported. Mainland developer Sino Ocean Land (3377.HKG) has set up a fund with Kohlberg Kravis Roberts, for example, while TAN-EU Capital, a Shanghia-based firm that invests in distressed property developments, set up a fund called SOTAN China Real Estate that included Hong Kong-listed developer Shui On Land (0272.HKG). Chinese nouveau riche have also proved to be an abundant source of finance, as structured loans and equity stakes are far more appealing than negative deposit rates offered by Chinese banks. Meanwhile, Beijing continues to take measures to further cool China’s property market, including potentially expanding property taxes outside Shanghai and Chongqing, said Chinese Finance Minister Xie Xueran.