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China allocates billions of dollars to bailout its crisis-hit property sector

China allocates billions of dollars to bailout its crisis-hit property sector
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China property crisis: China allocates billions of dollars to bailout its crisis-hit property sector

China has taken decisive measures to tackle the crisis in its property sector, which has been a crucial driver of its economic growth. The People s Bank of China has announced a 300-billion-yuan relending facility to support government-subsidized housing projects. Local state-owned enterprises are encouraged to purchase completed commercial homes to provide affordable housing. Commercial banks have issued significant loans for real estate development and individual housing.

Tao lingHong kongYan yuejinFantasia holdingsEvergrande groupChina rd institutePeople bankKaisa groupHong kong based south china morningCountry gardenE house china rd institute

China Property Crisis: China allocates billions of dollars to bailout its crisis-hit property sector, ET RealEstate

China Property Crisis: The People s Bank of China has announced that it would establish a 300-billion-yuan (about USD 42.25 billion) relending facility for the government-subsidized housing project.

Hong kongTao lingYan yuejinKaisa groupPeople bankEvergrande groupChina rd instituteFantasia holdingsFile photoHong kong based south china morningCountry gardenE house china rd institute

China abolishes mortgage floor rates, cuts minimum down payment ratios to boost property market- China org cn

China abolishes mortgage floor rates, cuts minimum down payment ratios to boost property market- China org cn
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China abolishes mortgage floor rates, cuts minimum down payment ratios to boost property market

China on Friday announced a slew of measures to boost the property market, cutting minimum down pa

Tao lingYan yuejinWu chaolanZhang daweiXiao yuanqiXinhua yang shiyaoPeng yukaiChina rd institutePeople bankNational financial regulatory administrationFeixi countyHefei cityJing an districtFang zheVice premier he lifengYang shiyao