Chinese city eases rules for developers amid cash crunch

chinese city eases rules for developers amid cash crunch

Sumary of Chinese city eases rules for developers amid cash crunch:

  • The announcement comes after several real estate companies — led by industry giant China Evergrande — were plunged into financial crisis in the past year after China embarked on a regulatory drive to bring an end to speculation and leverage.
  • The firm said in a filing that “persistent tightening governmental policy, multiple credit events and deteriorating consumer sentiment have resulted in temporary shut-down of various refinancing venues for the sector”.

Want to know more click here go to source.

From -

Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close