Multiple real estate companies: Currently not required by regulatory authorities to report "three red lines" indicators on a monthly basis.

Reporters exclusively learned from several sources within the real estate industry that currently their company is no longer required by regulatory authorities to report the "three red lines" indicators on a monthly basis. However, some high-risk real estate companies are required to regularly report financial indicators such as asset-liability ratios to the special team in the headquarters city. In August 2020, regulatory authorities introduced new regulations to control the scale of interest-bearing debt in real estate companies, setting up financing "three red lines" as a pilot policy. In 2021, the "three red lines" policy was expanded to include dozens of real estate companies, and regulatory authorities required these companies to report the "three red lines" indicators on a monthly basis.