1.4 trillion yuan in financing approved for 5,392 "white list" property projects in China.

China's commercial banks have approved 1.4 trillion yuan (~$196.33bn) in financing for 5,392 "white list" property projects, as per the National Financial Regulatory Administration. The "white list" mechanism supports the completion and delivery of projects, protecting buyers' rights, and maintaining stability in the real estate market. This initiative is part of China's efforts to tackle debt issues and boost confidence in the sector, which contributes nearly 6% to the country's GDP.

August 21, 2024
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