R&F’s history of alleged regulatory violations in China

 

This post is part of series on R&F’s treatment of workers in the US and China. Read previous entries on forced labor in California, the death of a construction worker in Jiangxi, and an assault on workers demanding their wages in Beijing.

Sina Finance has reported on multiple regulatory violations allegedly committed by R&F in the second half of 2018:[i]

  • On June 20th, 2018, Chinese news website Jinbaowang reported that the Wulong New City project, jointly-backed by R&F and Central China Real Estate, was offering preconstruction reservations in violation of regulations, as the project was lacking the appropriate sale permits.[ii] Jinbaowang also described the sale practices of Wulong New City as “misleading”: the advertised location of the project differs from its actual location.[iii]
  • On June 21st, 2018, Zhenjiang Today reported that the R&F Changjiangfu project began construction without a construction permit.[iv] Official from the city of Zhenjiang stated that a stop work order had been issued.[v]
  • On August 22nd, 2018, Qilu Evening News reported that the city of Heze issued a notice regarding real estate sale practices violating regulations.[vi] In the notice, the R&F project “R&F City” was said to have engaged in pre-construction sale activities without appropriate permits.[vii]
  • On September 24th, 2018, the province of Fujian issued a list of real estate developers found to be in violation of rules and regulations; R&F Putian was one of the developers listed.[viii] Previously, on May 23rd, 2017, journalists from Hxnews reported that R&F Putian was illegally occupying public green land and river shores for its Shangyueju project.[ix]

 

[i] “富力地产陷高周转旋涡 负债2700亿等同广州负债限额”, Sina Finance, 11/6/18, http://finance.sina.com.cn/chanjing/gsnews/2018-11-06/doc-ihnknmqx6016335.shtml

[ii] “预售许可尚在公示期 五龙新城二期已违规认筹超千万元”, Jinbaowang, 6/2018, http://www.jinbw.com.cn/rediannews/2018-06-20/n_152946054185791.html

[iii] “预售许可尚在公示期 五龙新城二期已违规认筹超千万元”, Jinbaowang, 6/2018, http://www.jinbw.com.cn/rediannews/2018-06-20/n_152946054185791.html

[iv] “无施工许可证,售楼处却盖起来了!镇江富力长江府涉嫌无证施工!”, Zhen Jiang Today, 6/21/18, http://cmstop.zt.jsw.com.cn/p/20856.html

[v] “无施工许可证,售楼处却盖起来了!镇江富力长江府涉嫌无证施工!”, Zhen Jiang Today, 6/21/18, http://cmstop.zt.jsw.com.cn/p/20856.html

[vi] “菏泽又一家房企因违规销售被住建部门通报”, 齐鲁壹点, 8/22/18, https://wemedia.ifeng.com/74827334/wemedia.shtml

[vii] “菏泽又一家房企因违规销售被住建部门通报”, 齐鲁壹点, 8/22/18, https://wemedia.ifeng.com/74827334/wemedia.shtml

[viii] “福建通报14家违法违规房企和中介”, China Securities Journal, 9/24/18, http://www.cs.com.cn/cj/fcgs/201809/t20180924_5876008.html

[ix] “莆田富力地产侵占河道绿地建工棚 已被要求限期拆除”, Dongnanwang, 5/23/17, http://pt.fjsen.com/xw/2017-05/23/content_19567050.htm