This Reuters article covers the market reactions to the latest policy support hopes (and fears) and the apparent relaxation of reporting requirements related to the 'three red lines' (developers' debt ratio limits that restricted bank lending). Those red lines can be seen as one of the original (2020) triggers of the downturn for developers that started in full in mid-2021.

Reuters included a reference to Real Estate Foresight (REF) research and our "support-not-stimulus" theme, and the importance of watching now for any expansion of the two government support schemes: land buybacks from developers and the 'convert-to-affordable' purchases of completed homes.

Article link: https://www.reuters.com/world/china/hopeful-signs-chinas-property-market-not-really-say-developers-2026-02-02/