WSJ News Exclusive | China Weighs Moderating Property Curbs to Help Troubled Developers Unload Assets

Spread the love

Chinese regulators, wary of financial risks spreading as a result of their crackdown on property lending, are considering easing the rules to let struggling developers sell off assets to avoid defaults and hits to the broader economy.

Currently, rules put in place late last year to restrict how much property firms can borrow, dubbed the “three red lines” on leverage ratios, are so strict that they have hurt the ability of developers like China Evergrande Group to sell assets to repay debts.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: