Money
Bloomberg News: China may allow banks to offer developers unsecured loans
Thursday, 23 Nov 2023 4:22 PM MYT
BEIJING, Nov 23 — China may allow banks to offer unsecured short-term loans to qualified property developers for the first time, Bloomberg News reported today.
As part of a package of new measures to support the struggling real estate industry, regulators are considering allowing banks to issue ‘working capital loans’ to some developers, the report said citing people familiar with the matter. — Reuters
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