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Developer Financing Mechanism Making Progress - Ministry

CHINA PRESS
MNI (BEIJING)

China’s efforts to improve developer financing has made progress, with 214 cities issuing "white lists" of real estate projects eligible for financing support covering 5,349 projects, according to the Ministry of Housing and Urban-Rural Development. The move follows authorities' announcement in January of the urban real-estate financing coordination mechanism. In future, commercial banks must report white-list projects they rejected support for to the authorities, and relevant parties must work together to resolve outstanding issues.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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