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Financial Institutions Vow Better Real-Estate Financing Support

MNI (Singapore)

Financial institutions pledged to meet the reasonable financing needs of real-estate companies of different ownerships and will not hesitate to lend to developers instead of cutting off their loans, during a symposium jointly held by the People’s Bank of China, and other top financial regulatory departments last Friday. Authorities will support private developers to issue bonds and their equity financing through the capital market. Meanwhile, regulators will adhere to the "one company, one policy" approach to resolve the bond default risks of large property developers and ensure stability during concentrated delisting of developers.

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