Yuzhou Slims Down Under State-Mandated Credit Diet for Property Firms

The mid-sized developer’s shares are down more than 50% this year as Beijing restricts the sector’s ability to borrow Key Takeways: •      Yuzhou Group has breached one of China’s “three red lines” for real estate builders, which will limit its annual debt growth to 10% •      The borrowing constraint will make it more difficult for the company to refinance maturing debt and develop new projects By Warren Yang For smaller Chinese property developer Yuzhou Group Holdings Co. Ltd. (1628.HK), bulking up its business while trying to slim down debt seems…

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