China’s central bank has asked the country’s largest property developers to submit monthly reports on off-balance sheet financing and other financial disclosures, according to documents seen by Breakingviews.
Separately, in August, regulators outlined caps for debt-to-cash, debt-to-assets and debt-to-equity ratios at a meeting with 12 major property developers. Though not yet officially announced, developers expect the rules to be applied sector-wide as soon as Jan. 1, 2021, Reuters reported on Oct. 22, citing sources.
Reuters ywchen1 Breaking views niews
Reuters ywchen1 They already own alot of America.
Reuters ywchen1 wow
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