The regulatory authorities require 12 pilot housing enterprises to submit their forms by the 15th of each month, including 8 indicators such as debt ratio.

Published: Sep 17, 2020 08:22 (GMT+8)
[regulators require 12 pilot real estate enterprises to submit their forms by the 15th of each month, including eight indicators, including debt ratio] on September 16, the financing "three red lines" have been piloted by 12 housing enterprises participating in the previous symposium held by the central bank and the Ministry of Housing and Construction. According to a "Statistical Monitoring Table on the main operating and Financial indicators of pilot Real Estate Enterprises" issued by the regulatory authorities, the regulatory authorities require the pilot real estate enterprises to submit this form before the 15th of each month.

SMM: September 16, according to the Financial Associated Press, financing "three red lines" has been participated in the previous central bank, the Ministry of Housing and Construction forum of 12 housing enterprises pilot implementation, a regulatory department issued the "pilot real estate enterprise main business, financial indicators statistical monitoring table" shows that the regulatory authorities require pilot housing enterprises to submit this form before the 15th of each month.

It is reported that the monitoring table involves a total of eight financial indicators, namely, the asset-liability ratio after excluding the advance collection, the asset-liability ratio without excluding the advance collection, the net debt ratio, the cash short-debt ratio, the amount of land purchased with the caliber of rights and interests, the amount of sales of rights and interests, and whether the net cash flow generated by business activities in the past three years is continuously negative, interest-bearing liabilities, which covers the financing "three red lines" indicators.

According to the "three red lines" rules previously announced by regulators, the asset-liability ratio excluding advance collection is more than 70%, the net debt ratio is more than 100%, and the cash-to-debt ratio is less than 1%.

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