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Tuesday, April 23, 2024

China pushes banks to speed approvals of new loans to private developers  | Reuters News Agency

Business & Finance

Reuters exclusively reported that Chinese regulators are pushing banks to speed up approvals of new loans to cash-starved private property developers in a bid to revive homebuyer sentiment that risks denting lenders’ asset quality. 

Market Impact

Most top domestic banks have so far shied away from significantly bolstering credit exposure to the crisis-hit sector despite repeated nudges from Beijing, dashing hopes of a revival in an industry crucial for the economy.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Real Estate

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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