As China ramps up environmental efforts, property developers face more scrutiny, says fund manager

As China ramps up environmental efforts, property developers face more scrutiny, says fund manager

January 5, 2022 Zonia Motsinger 0

China’s property developers could come under greater scrutiny for flouting environmental laws, as Beijing steps up efforts to reinforce rules, according to one portfolio manager. The latest move by Chinese authorities to order indebted property developer China Evergrande to demolish 39 buildings of its Ocean Flower Island project came as a surprise to many, said Teresa Kong, head…