Three Red Lines policy

GPTKB entity

Statements (24)
Predicate Object
gptkbp:instanceOf gptkb:public_policy
gptkbp:appliesTo real estate developers
gptkbp:country gptkb:China
gptkbp:criteria cash-to-short-term debt ratio greater than 1
net gearing ratio less than 100%
liability-to-asset ratio (excluding advance receipts) less than 70%
gptkbp:effect restricted borrowing for non-compliant developers
https://www.w3.org/2000/01/rdf-schema#label Three Red Lines policy
gptkbp:implementedIn gptkb:People's_Republic_of_China
gptkb:Ministry_of_Housing_and_Urban-Rural_Development_of_China
gptkbp:notableAffectedEntity gptkb:Sunac_China_Holdings
gptkb:Country_Garden
gptkb:Evergrande_Group
gptkbp:purpose control financial risk
reduce leverage in real estate sector
gptkbp:region gptkb:Mainland_China
gptkbp:relatedTo deleveraging
Chinese property sector crisis
Chinese property bubble
gptkbp:sector real estate
gptkbp:startDate 2020
gptkbp:bfsParent gptkb:2021_Chinese_property_sector_crisis
gptkb:Chinese_property_sector
gptkbp:bfsLayer 7