Authorities boast RMB 7 trillion in property “whitelist” lending
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On Monday, Li Yunze, the head of China’s financial regulator (NFRA), disclosed that commercial banks have approved RMB 7 trillion in loans for unfinished housing projects under the “whitelist” lending scheme. (SCIO)
ICYDK: Under the scheme – launched in January 2024 – local officials maintain “white...