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Thematic (Sector/Industry)

China Real estate / Thematic (Sector/Industry)

<ul><li>China will issue 200 billion yuan ($29 billion) in special loans to help developers finish stalled housing projects.</li><li>The Ministry of Housing and Urban-Rural Development, the Ministry of Finance and the central bank will support developers through special loans from policy banks</li><li>The central government will provide interest subsidies of 1% on loans to the policy banks for no longer than two years</li></ul>

China will issue 200 billion yuan ($29 billion) in special loans to help developers finish stalled housing projects.The Ministry of Housing and Urban-Rural Development, the Ministry of Finance and the central bank will support developers through special loans from policy banksThe central government will provide interest subsidies of 1% on loans to the policy banks for no longer than two years

China to Issue $29 Billion of Special Loans to Finish Housing Projects