Chinese state firms ask regulators to adjust lending curbs for property deals - Cailianshe

  • 11/10/2021
  • 00:00
  • 3
  • 0
  • 0
news-picture

BEIJING, Nov 10 (Reuters) - Some Chinese state-owned companies told regulators to consider adjusting lending restrictions to property developers for borrowing related to mergers and acquisitions, Chinese media outlet Cailianshe said on Wednesday, citing unnamed sources. The companies said that if they take on new debt in the process of acquisitions, they might breach the so-called “three red lines” - financial requirements introduced by the central bank last year that developers must meet in order to get new bank loans. Cailianshe did not give details on the state-owned firms. (Reporting by Beijing Newsroom; Editing by Louise Heavens)

مشاركة :