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Why can't Evergrande Provident Fund work?
At present, the inventory pressure of major housing enterprises is great, the capital turnover cycle is longer, and the financing cost is increased. If developers want to ensure profits, they must speed up capital turnover and reduce the financing ratio. The review of provident fund loans is stricter, and it is paid to commercial loans, and the lending period is long. This virtually increased the developer's initial capital investment and slowed down the capital turnover.