Free Trial

New Property Initiative To Improve Industry Coordination - Yicai

CHINA PRESS

China’s property sector will benefit from improved coordination between banks, regulators and developers following the Ministry of Housing's recently issued "Notice on Establishing an Urban Real Estate Financing Coordination Mechanism," according to an Yicai editorial. The measures will allow good developers access to a green channel for credit extension, while developers with temporary difficulties will not see funds blindly withdrawn. For the system to work, real-estate companies must truthfully report their assets, liabilities and sales operations in accordance with the law, Yicai said.

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

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.