Since the full implementation of the three red lines of real estate policies on January 1, 2021, under this new standard, real estate companies cannot expand their business scale through debt borrowing, and foreign debt repayment cannot be carried out by borrowing. This sword hanging over the heads of real estate developers has completely shut down the real estate market!
After removing prepayments, ROI has exceeded 70%; net debt ratio exceeds 100%; cash and short-term debt ratio is lower than 1.
Analysis of this central bank and the Ministry of Housing and Urban-Rural Development’s policy to limit financing of real estate enterprises is indeed a superb martial arts masterpiece in the world! From the supply side perspective, restrict it, reduce the flow of credit resources into the real estate market from the root, and completely crack down on the reality of high leverage in real estate.
judged that since this policy was born and developed, banks, as the largest funder of the real estate industry, have made excessive efforts. Perhaps some changes in the moves in the later stage are normal corrections. The foundation of the three red lines has not yet shown any signs of loosening!
So, the real estate market! House prices! Business! future! It's closely related to us!
You taste it! You taste it! Take a closer look!
must understand it!
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