China is planning to relax restrictions on developer borrowing, reducing strict ones “three red lines”policy that exacerbated one of the largest real estate crises in the country’s history.
Beijing could allow some real estate companies to add more leverage by easing borrowing limits and delaying the grace period for meeting debt targets set by the policy, according to people familiar with the matter. The deadline could be extended by at least six months from the original June 30 date, the people said.
