Yicai 第一财经(@yicaichina):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

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

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Yicai 第一财经@yicaichina

2026.09.23 06:48

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