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07 Feb China property defaults won’t stop banks lending to cash-strapped developers, says Goldman Sachs report

Posted at 23:30h in Asia

Moreover, the losses and defaults tied to the property crisis have not stopped Chinese lenders from supporting the country’s struggling developers. Bank lending to the sector, as measured by loans outstanding, expanded by 7.2 per cent at the end of 2023 compared to the...

China property: Sunac, Country Garden projects among property developments added to local governments’ ‘whitelists’, to get financial support from banks

05 Feb China property: Sunac, Country Garden projects among property developments added to local governments’ ‘whitelists’, to get financial support from banks

Posted at 07:33h in Asia

While Beijing-based Sunac had 90 projects cleared for loan applications on Monday, Shanghai-based developers Shimao and CIFI had 16 and 18 projects, respectively, added to whitelists over the past week, according to local media reports.Country Garden, once the mainland’s largest private property developer by sales,...

01 Feb China homes sales continue to tumble as Beijing’s support measures fail to shore up weak sentiment in property market

Posted at 09:00h in Asia

Despite a slew of measures rolled out by Chinese regulators recently to boost demand for property, developers are still struggling with weak sales and reported declines of more than 40 per cent in January, according to real estate brokerages.Home sales at 24 major Chinese developers...

whitelist Tag

07 Feb China property defaults won’t stop banks lending to cash-strapped developers, says Goldman Sachs report

05 Feb China property: Sunac, Country Garden projects among property developments added to local governments’ ‘whitelists’, to get financial support from banks

01 Feb China homes sales continue to tumble as Beijing’s support measures fail to shore up weak sentiment in property market

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