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Shanghai To Support Real Estate Financing Growth

MNI (Singapore)

The People’s Bank of China's Shanghai head office and other local regulators in the city pledged to support the reasonable growth of real estate financing, maintain the stable supply of development loans and support the reasonable extension of maturing developers’ debts, reported citing a work conference on Thursday. Efforts should be made to meet borrowing demands for first- and second-homes purchases. Regulators will assist and support real estate companies seeking financing in the capital markets, including mergers and acquisition involving housing projects, the meeting said.

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