Beijing’s loan limit for real estate companies, widely known as the “three red lines”, which has pushed many developers to the brink, has been partially relaxed, according to a report by a state-backed media outlet. Shares of property firms rose in Hong Kong.Analysts, however, said they do not expect an immediate impact on the market.Chinese policymakers plan to exclude debt raised by a developer to acquire distressed assets of another home builder when calculating their compliance with the…
Source : South China Morning Post
Read more…China’s easing of ‘three red lines’ loan rules for property sector won’t have immediate impact on struggling developers, analysts say
