China eases ‘three red lines’ loan rules for struggling property sector

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…

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