BEIJING/SHANGHAI : China will boost financing for good quality property developers and roll out a 100 billion yuan ($14.86 billion) support plan for rental housing loans, the official Xinhua news agency said on Friday.Reporting the latest move to ease a liquidity crunch which has plagued the real estate s
BEIJING/SHANGHAI : China will boost financing for good quality property developers and roll out a 100 billion yuan support plan for rental housing loans, the official Xinhua news agency said on Friday.
The plan mainly targets high quality property firms with relatively big size and systemic importance, it said. Under the plan, authorities will encourage financial institutions to negotiate to extend debt to quality developers on a reasonable basis, it said.
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