In "The Big Banks," China International Capital Corporation (CICC): Relaxing the three red lines will not have a significant effect; the market is overreacting

Recent media reports indicate that several real estate companies are no longer required by regulatory authorities to report the "three red lines" indicators monthly. Bank of China International published a research report stating that it believes the "three red lines" policy itself is not the trigger for the current market adjustment and is not the main constraint on the development and finances of real estate companies at present.

Therefore, the bank believes that relaxing the "three red lines" will not have a significant effect, and the adjustment of domestic property stocks is an overreaction, with companies that have seen larger increases in their stock prices currently facing greater risks