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Major Banks Held Talks With Developers On Financing Support

CHINA PRESS

Six state-owned major banks recently held talks with real-estate developers on the implementation of funding support, according to Yicai. Most banks had committed to equal treatment for private- and state-owned developers, not withdrawing loans for firms with normal operations and actively supporting affordable housing, and supply-side reform of real-estate finance, the news agency said. Anxin Securities Chief Economist Gao Shanwen said the market will monitor leading real-estate developers to see whether fundraising under market-oriented conditions resumes. (Source: Yicai)

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

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