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Thematic (Sector/Industry)

China Real estate management and development / Thematic (Sector/Industry)

<ul><li>Chinese regulators are pressing banks to step up lending and ease financing for developers as part of efforts to boost the ailing property sector.</li><li>At a meeting with China’s most important financial institutions last Friday, regulators brought up three new requirements for banks’ real estate loans to developers and homebuyers, people from several state-owned large banks attending the meeting told Caixin.</li><li>The banks were told to keep their real estate loan growth at a level no lower than the banking sector’s average real estate loan growth, loan growth to non-state-owned developers no lower than each bank’s real estate loan growth, and mortgage growth to individuals buying housing from non-state-owned developers no lower than each bank’s mortgage growth, the people said.</li></ul>

Chinese regulators are pressing banks to step up lending and ease financing for developers as part of efforts to boost the ailing property sector.At a meeting with China’s most important financial institutions last Friday, regulators brought up three new requirements for banks’ real estate loans to developers and homebuyers, people from several state-owned large banks attending the meeting told Caixin.The banks were told to keep their real estate loan growth at a level no lower than the banking sector’s average real estate loan growth, loan growth to non-state-owned developers no lower than each bank’s real estate loan growth, and mortgage growth to individuals buying housing from non-state-owned developers no lower than each bank’s mortgage growth, the people said.

China Drafts List of Developers Eligible for Funding, Asks Banks to Boost Real Estate Lending 