After Evergrande, China’s new rules spark unease amid developers’ debt resolution progress

China’s property downturn worsens as regulators accelerate reform of the commercial housing sales system, sending jitters through the sector Despite the difficulty, better-capitalised state-owned enterprises would prove more resilient and should gain market shares amid uncertain earnings outlooks, they added. Chinese authorities issued a joint notice on August 28 to accelerate reform of the commercial housing sales system, with a clear push towards completed-home sales. “While the direction has been signposted before, the timing is a meaningful negative surprise,” Kwok said.

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