Chinese cities, including Nanning and Chongqing, have begun to release 'whitelists' of real estate projects eligible for funding support, according to a newspaper under the housing ministry. This move is part of a broader effort by China to revive its property sector amid concerns over the liquidation of Evergrande. The state-backed property project in China has received the first development loan under Beijing's 'whitelist' mechanism, and in tandem, two major cities have eased home-buying restrictions. The 'whitelist' program involves provincial-level governments preparing lists of recommended property projects to local banks for financing. Additionally, multiple Chinese cities have received special loans for the renovation of 'urban villages' to further support the sector.
1/2 The first two "white list" property financing programs – by Guangxi and Chongqing – have been released. The "white list" program has provincial-level governments preparing lists of recommended property projects to local banks for financing. https://t.co/zamzDiVwGp
Multiple Chinese cities have received special loans for the renovation of “urban villages,” as part of efforts to revive the property sector. https://t.co/OfvDCkb0d0
#Chinese cities start releasing whitelists of #RealEstate projects for banks to increase funding support https://t.co/qd1ZBUkyPy
A state-backed property project in China has received the first development loan under Beijing's so-called ‘whitelist’ mechanism and two major cities have eased home-buying curbs, state media reported, as concerns mount about the liquidation of Evergrande https://t.co/AJQ5EOq9qj
#Chinese cities incl Nanning, Chongqing have released lists of #RealEstate projects eligible for funding support, said newspaper under housing ministry https://t.co/haGgRmRP6L https://t.co/IDfVJuq5dp