Regulator to tackle property delivery risks

Chinese developers suffered liquidity stress this year as Beijing stepped up its deleverage campaign against the bloated sector, triggering defaults at heavily-indebted players such as China Evergrande Group.

SHANGHAI: China’s top real estate regulator vows to resolutely tackle risks stemming from overdue delivery of residential properties by some top developers in a bid to maintain social stability, according to Xinhua.

Wang Menghui, head of the Housing and Urban-Rural Development Ministry, also told Xinhua that China will keep its real estate policies consistent and stable, while strengthening coordination in areas including finance, and land and market supervision.