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Jan 30, 2024 · Evergrande has been on a slow burn to insolvency since at least 2020, when the Chinese government launched a program, known as the " three red lines," aimed at deleveraging the real estate...
Oct 26, 2023 · Things came to a head in 2020 when the government, fearing a bubble in the property market, introduced new financial regulatory guidelines, known as its "three red lines".
Dec 20, 2021 · The "three red lines" are a set of debt thresholds that severely limit the ability of certain property developers to borrow. For decades the sector had seen uncontrolled borrowing, something...
Apr 12, 2021 · Evergrande is falling further behind the vast majority of its largest peers in meeting stricter Chinese borrowing limits, raising refinancing risks for the country’s most indebted developer.
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Nov 22, 2021 · Potential suitors for pieces of Evergrande’s business have been dissuaded by the amount of debt held, but some sources have floated that the government will not factor in acquired debt when calculating whether the acquirer has violated the Three Red Lines.
Sep 20, 2021 · For the past several years, Chinese regulators have worked hard—if unsuccessfully—to reduce the economy’s overreliance on debt. As part of this regulatory push, regulators implemented what became known as the three red lines for property developers last year.
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Dec 10, 2021 · China’s real estate sector accounts for more than a quarter of the country’s economic activity, but since August 2020, Beijing’s “three red lines” lending restrictions have squeezed...
