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State Council think tank rumored to have a meeting with the domestic real estate bank Kaisa seeks help from outside-China Economic Journal website hkej.com

November 9, 2021
Source: newsdirectory3.com newsdirectory3.com
News Snapshot:
The domestic housing debt crisis has intensified. Reuters quoted a person with direct knowledge of the meeting as reporting that the State Council think tank of China and a number of real estate developers and banks recently held a meeting in Shenzhen. Kaisa, which faces difficulties in liquidity of funds, said it needs external assistance and called on state-owned enterprises to help it improve its liquidity. It is understood that the content of the forum includes the overall situation of the real estate market, current risks, and opinions and opinions on real estate tax. According to sources, participants in the...
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