Chinese state media, Xinhua News Agency, reported on Friday that China plans to publish new policies to support the rental housing market, including a 100 billion yuan ($15 billion) loan plan for rental housing.
Other measures
China will increase funding for quality promoters through loans and issuance of bonds.
China’s plan to improve developers’ balance sheets mainly targets high-quality real estate companies with a relatively large sizeand with systemic importance.
China will encourage financial institutions to negotiate with quality developers for debt extension on a reasonable basis.
China to support developers’ offshore debt repayment through supportive policies, such as better currency management.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
