China property bailouts leave most out in the cold

HONG KONG, Nov 30 (Reuters Breakingviews) - President Xi Jinping is wrapping up his massive property stress test, but it looks like few have passed. On Monday Beijing announced homebuilders can use equity financing again, lifting a ban in place for years as Xi tried to rein in property prices.It was precisely what the now near-collapsed China Evergrande (3333.HK) had asked for back in 2020, before regulators…