Yicai 第一财经
@yicaichina
English-language version of Shanghai-based business and financial media outlet Yicai. 中国财经全媒体第一财经英文品牌一财全球的官方账号
Joined March 2016
2.3K Following 209.5K Followers
For years, Chinese developers have financed construction with cash from buyers who had yet to move in. New rules made big changes: presale funds are ring-fenced, mortgages delayed to completion, and financing reworked around projects, not developers. @MarkKruger59
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