Residential buildings under construction in the new city area of Yumen, Gansu province. Regulators are tightening the screws on property companies to ease the pressure on housing prices. Photo: Bloomberg
Chinese developers to focus on debt reduction until 2023 to meet ‘three red lines’ deadline
- China introduced the ‘three red lines’ deleveraging campaign in August last year to improve the financial health of the real estate sector
- China Resources Land and Logan Group have successfully met all three criteria, according to Beike Research Institute
Residential buildings under construction in the new city area of Yumen, Gansu province. Regulators are tightening the screws on property companies to ease the pressure on housing prices. Photo: Bloomberg
