China urges banks to speed up approval of new loans to private developers


Business and Finance

Reuters exclusive report Chinese regulators are urging banks to speed up approval of new loans to cash-strapped private property developers to revive confidence among homebuyers whose sentiment threatens to weaken lenders’ asset quality.

market impact

Despite Beijing’s repeated push, most of the country’s top banks have so far refrained from significantly increasing their credit exposure to the crisis-hit sector, dashing hopes of a recovery in a sector vital to the economy.

Article tags

Topics of interest: Business and Finance

type: Reuters Best

department: real estate

area: Asia

nation: China

Winning type: exclusivity

Story type: exclusive/exclusive report

media type: text

Customer Impact: important national stories



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By Ali Raza

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