Beijing to Launch Measures in 2023 to Improve Real Estate Enterprise Balance Sheets

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One of China’s top economic authorities has flagged the launch of new measures in 2023 to improve the financial health of real estate enterprises.

The Central Financial and Economic Commission (中央财办) said to state-owned media that following the holding of China’s Central Economic Work Meeting (中央经济工作会议) it would “effectively perform corresponding work to ensure the stable development of the real estate department.”

“In 2023, [we] will unveil new measures with a focus on researching ways to resolve and improve the status of real estate enterprise balance sheets.”

The Commission also said that Chinese authorities would “continue to provide sufficient liquidity to the sector, satisfy the rational financing demand of the sector, drive acquisitions and restructuring in the sector, and improve related real-estate adjustment policies and systems.”