Headline is here from earlier:
The three red lines were introduced in August 2020 when Chinese property was rising in price very strongly indeed.
They stated property should adhere to the following rules:
1. Liabilities should not exceed 70% of assets (excluding advance proceeds from projects sold
2. Net debt should not be greater than 100% equity.
3. Money reserves must be at least 100% of short-term debt.
The market response to the news was a higher yuan, AUD and NZD . The pop was relatively minor for AUD and NZD, yuan has carried on a bit more.
Chinese property shares had risen substantially earlier ion the session on earlier news and have not thus seen notable gains on this new item.