China is planning to relax restrictions on developer borrowing, dialing back the stringent “three red lines” policy that exacerbated one of the biggest real estate meltdowns in the country’s history.
See Also
Is Redlining Your Car Bad?Beijing may allow some property firms to add more leverage by easing borrowing caps, and push back the grace period for meeting debt targets set by the policy, according to people familiar with the matter. The deadline could be extended by at least six months from the original June 30 date, the people said.
Have a confidential tip for our reporters?
Get in Touch
Before it’s here, it’s on the
BloombergTerminal
LEARN MORE
Up Next
China May Ease ‘Three Red Lines’ Property Rules in Big Shift
