In addition, on July 12, the National Development and Reform Commission issued the Notice on Requirements for Registration of Application for Foreign Debt Issuance by Real Estate Enterprises, requiring real estate enterprises to issue foreign debt only for the replacement of medium and long-term foreign debts due in the next year. The issue of foreign debts by housing enterprises can only be used to repay old debts, which means that another financing channel for housing enterprises has been tightened.
In addition to the tightening of financing environment, there are also factors of poor operation of small and medium-sized Housing enterprises themselves. Yan Yuejin, director of research at the think tank center of Yiju Research Institute, said that the bankruptcy of small and medium-sized enterprises was related to poor housing sales and limited access to land. From the policy level, including the policy of limited purchase and sale, will also affect its housing sales, and ultimately form restrictions and restrictions on some small and medium-sized housing enterprises. However, with the intensification of economic stimulus, some competitive housing enterprises, including some small and medium-sized housing enterprises, still have the opportunity to rise. For example, there will be many new market development opportunities for well-planned third and fourth-tier cities.