On August 20, 2020, the Ministry of Housing and Urban-Rural Development and the People's Bank of China held a symposium for key real estate enterprises, proposing the "three red lines" to restrict the growth of interest-bearing liabilities of real estate companies based on the asset-liability ratio excluding advance receipts, the net gearing ratio, and the cash-to-short-term debt ratio.
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Wikipedia: Three red lines
2026-09-23 01:44
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三道红线-维基百科
2026-10-07 08:59 · 2020年8月20日，碧桂园、恒大、万科、融创、中梁、保利、新城、中海、华侨城、绿地、华润和阳光城共12家房地产企业受邀参加中国人民银行和住房城乡建设部召开的重点房地产企业座谈会，
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Context CONTEXT
Cause
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This event
Ministry of Housing and Urban-Rural Development and the Central Bank Propose "Three Red Lines" for Financing Control of Key Real Estate Enterprises
2020.08.20 · Verified
Effect
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