More than 230 home developers filed for bankruptcy in China in 2023: Report aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
More than 230 home developers filed for bankruptcy in China in 2023: Report shanghaisun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghaisun.com Daily Mail and Mail on Sunday newspapers.
China Real Estate: According to a notice jointly issued by the central bank and the financial regulator, by the end of this year banks will be able to provide commercial property loans to eligible developers to allow them to pay off debts that are not necessarily related to the project pledged as collateral.
National Financial Regulatory Administration: Financial institutions should not blindly withdraw and cut off loans for eligible property projects that have encountered temporary difficulties on construction, Xiao Yuanqi, deputy director of the NFRA, said at a news conference.
Country Garden: The properties include a hotel resort, four office towers, a shopping mall as well as five rental apartment buildings, according to listings dated Jan. 19 on Guangzhou Enterprises Mergers and Acquisitions Services.