China to make housing development plans for 2024, 2025-Xinhua english.news.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from english.news.cn Daily Mail and Mail on Sunday newspapers.
China to make housing development plans for 2024, 2025 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's housing authority said 123.6 billion yuan ($17.20 billion) of development loans have been approved and 29.4 billion yuan have been issued under a special mechanism aimed at injecting liquidity into the crisis-hit property sector. Under China's "whitelist" mechanism launched on Jan. 26, city governments recommend residential projects to banks suitable for financial support, and coordinate with financial institutions to meet project needs. The mechanism is a key plank of Beijing's efforts to stabilise the property sector's debt crisis and boost confidence in an industry that accounts for a quarter of China's GDP.
HONG KONG: China's housing authority said 123.6 billion yuan (US$17.20 billion) of development loans have been approved and 29.4 billion yuan have been issued under a special mechanism aimed at injecting liquidity into the crisis-hit property sector. Under China's "whitelist" mechanism launched on Jan 26,
China s housing authority said 123.6 billion yuan of development loans have been approved and 29.4 billion yuan have been issued under a special mechanism aimed at injecting liquidity into the. -February 21, 2024 at 12:05 am EST
- MarketScreener