Beijing comes banging on real estate’s door

Beijing comes banging on real estate’s door

Beijing comes banging on real estate's door Regulators have been stepping up scrutiny on the most leveraged and largest developer    A man wearing a mask walks past a construction site of a residential compound in Beijing, China October 19, 2020.(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)HONG KONG  - Beijing wants to prise open the country's property sector. The People's Bank of China has asked developers to report monthly investments, loans and more. It's an extraordinary step to rein in China Evergrande and peers, which have amassed at least $2.5 trillion of debt. President Xi Jinping's push to reallocate investment out of property is gaining steam.Regulators have been stepping up scrutiny on the most leveraged and largest developers. In August, officials outlined the so-called