China plans to relax ‘three red lines’ to encourage state-led property M&A: Report

January 07, 2022 11:49 AM

HONG KONG (REUTERS) – Chinese policymakers plan to exclude debt accrued from acquiring distressed assets when calculating property developers’ compliance with the “three red lines”, financial intelligence provider REDD reported on Friday (Jan 7), amid unprecedented stress on the sector.

Source : https://www.straitstimes.com/business/property/china-plans-to-relax-three-red-lines-to-encourage-state-led-property-ma-report