"Three Red Lines" indicators no longer need to be reported? Real estate companies state that it is no longer mandatory starting in 2023

Today, real estate and liquor stocks surged. Media reports indicate that some real estate companies have informed their respective firms that they are no longer required by regulatory authorities to report the "three red lines" indicators on a monthly basis. Accordingly, reporters have also received information from five real estate companies or their financial departments that the "three red lines" have not been mandatory for reporting since June 2023. A financial department representative from a real estate company stated to reporters that the "three red lines" have not been reported since their implementation in mid-2020 until mid-2023. This aligns with the regulatory authorities' goal for real estate companies to reduce their liabilities within a specified timeframe. In fact, after 2020, although real estate companies continued to expand in the land market, many of them consciously reduced leverage due to the shift in attitude from financial institutions, and they also achieved the "three red lines" requirements ahead of schedule. (21 Finance)