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.
Business & Finance
China pushes banks to speed approvals of new loans to private developers
25 March 2024, 5:16 am 1 minute
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
