China's property sector is expected to benefit from rumored relaxation of pre-sale funds regulation. The actual impact could be mild as the relaxation of required ratio could be only 3-5% and the relaxation will be based on credit rating. Key beneficiaries would be Country Garden, Sunac, CIFI, Agile, Times, Shimao. The new rules could help developers meet debt obligations, pay suppliers, and finance operations. The new rule could be rolled out before CNY as it is the peak of salary payment.
