China to double loans for 'white list' properties by end of 2024
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E-mail China.org.cn, October 18, 2024
As part of the incremental measures to stabilize the property sector, China will increase its loans for select real estate projects to over 4 trillion yuan (US$561.63 billion) by end of year, doubling the amount through mid-October, Vice Minister of the National Financial Regulatory Administration Xiao Yuanqi announced Thursday. Local authorities are recommending financial institutions to give support to these "white list" projects.
