Agricultural Bank of China approved more than 40 billion yuan of loans for real estate projects on white lists, the lender said in a statement on Feb 19.
China Construction Bank extended three billion yuan to five property projects, with more than 20 billion yuan of approved loans in the pipeline, it said late on Feb 16.
Local branches of Industrial and Commercial Bank of China and Bank of China also moved to offer financing support to some projects, according to statements in mid-February.
They did not reveal the total amount of loans that had been extended or are being planned.
Bu hikaye The Straits Times dergisinin February 20, 2024 sayısından alınmıştır.
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Bu hikaye The Straits Times dergisinin February 20, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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