China-Listed Firms Rush to Divest Property Businesses Amid Sector Crackdown

China-Listed Firms Rush to Divest Property Businesses Amid Sector Crackdown
Surveillance cameras are seen near a real estate project under construction in Shenzhen, Guangdong province, China, on Nov. 8, 2021. David Kirton/Reuters
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SHANGHAI—China-listed companies are increasingly divesting real estate businesses amid stricter regulatory scrutiny of the industry, according to filings and state media, in a year dominated by headlines of financial woe at China Evergrande Group.

Tightened lending curbs in the real estate industry early this year have exacerbated financial troubles at some property developers, triggering sector-wide liquidity stress.