China Considers Major Step to Ease Developer Cash Crunch

China Considers Major Step to Ease Developer Cash Crunch

Bloomberg·2022-01-20 07:07

Chinese regulators are considering lifting some restrictions on developers’ access to cash from presold properties tied up in escrow accounts, according to people with knowledge of the matter, a potentially major step toward easing the industry’s liquidity crunch.

Regulators including the housing ministry and the banking watchdog are still discussing details and may convey the instructions through window guidance to local governments later this month, said the people, asking not to be identified because the talks are private. Authorities are contemplating a package of policies to prevent a deepening of the real estate crisis, one of the people said.

……

Read full article on Bloomberg

Property Finance International