Nov 09, 2023 05:52 AM

ECONOMY

Top Regulators Summon Big Developers for Financial Briefings

By Chen Bo and Denise Jia

00:00

00:00/00:00

Listen to this article 1x

A housing project under construction in Huaian, Jiangsu province, on Oct. 26, 2023.

A housing project under construction in Huaian, Jiangsu province, on Oct. 26, 2023.

China’s central bank, the Housing Ministry and top financial and securities regulators summoned financial chiefs of six leading property developers Tuesday for briefings on the companies’ liquidity and debt situations, Caixin learned from sources.

The developers are state-owned China Resources Land Ltd., China Overseas Land and Investment Ltd., Poly Real Estate Group Co. Ltd., mixed-ownership developer China Vanke Co. Ltd., Gemdale Corp. and private developer Longfor Properties Co. Ltd. The six are the few big developers that have avoided defaulting amid the widespread liquidity crisis in the real estate sector.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Asia New Vision Forum Kicks Off in Singapore

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: Former Securities Regulator Yi Huiman’s Corruption Probe

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: Why Modi Won’t Play Cowboys and Indians With Trump, Opting Instead for Strategic Autonomy

2: China, U.S. to Meet in Spain Over TikTok, Trade Disputes

3: AI Offers Hope for Growth, but Global ‘Disorder’ Poses Major Risks, Lawrence Summers Says

4: Weekend Long Read: Tycoon’s Eight-Hour Escape Exposes Failings of a Model Chinese Prison

5: Carlyle, HongShan, EQT Among Final Contenders for Starbucks’ China Business

SPONSORED

OR