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Several CN Property Developers No Longer Required to Report 'Three Red Lines' Metrics Monthly: Report
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Related persons of several Chinese property developers stated that their companies are no longer required by regulators to report the "Three Red Lines" metrics on a monthly basis, according to the Chinese media outlet Cailian Press. However, some distressed property companies are required to periodically report financial indicators such as asset-liability ratios to special teams in the cities where their headquarters are located. The situation originates from August 2020, when regulators, aiming to control the scale of developers' interest-bearing debts, piloted new regulations setting the "Three Red Lines" for financing. In 2021, the "Three Red Lines" policy was expanded to include dozens of developers, with regulators requiring these companies to report the "Three Red Lines" metrics monthly. AASTOCKS Financial News Website: www.aastocks.com |
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