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China approves $494.8B in loans for compliant real estate projects, boosting market confidence.
By the end of November, 3.6 trillion yuan ($494.8 billion) in loans were approved for national "white-list" real estate projects that meet regulatory standards.
The Ministry of Housing and Urban-Rural Development, along with the National Financial Regulatory Administration, implemented a coordination framework to support these projects and speed up loan disbursement, boosting confidence in the real estate market.
Data shows growth in online transactions of newly constructed commercial houses in October and November.
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China aprueba $494,8B en préstamos para proyectos inmobiliarios conformes, aumentando la confianza del mercado.