China May Ease Three Red Lines Property Rules 

Bloomberg News has reported that China is planning to relax restrictions on borrowing for property developers to support the troubled sector by dialing back the three red lines policy. <br />The “three red lines” policy was unveiled in August 2020 to tackle property developers’ unbridled borrowing by restricting the amount of new borrowing they can raise each year. <br />Beijing may allow some property firms to add more leverage by easing borrowing caps and pushing back the grace period for meeting debt targets set by the policy. <br />Regulators could also extend the deadline by at least six months, which was originally June 30.