Section

China expands access to loans for property developers, acting to end its prolonged debt crisis

By Economic Times - 10 months ago
China has introduced new rules aimed at expanding access to commercial bank loans for property developers, allowing them to use loans secured against commercial properties like offices and shopping malls to repay existing loans and cover operating costs. These measures are part of Beijing's broader efforts to address the real estate industry crisis.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.