China set to ease borrowing limits for ‘high-quality’ developers
New measure is part of a 21-point plan to support the reeling property sector
Chinese policy-makers will soon roll out new measures to boost financing for “high-quality” property developers, including easing borrowing caps.
Financial regulators have drafted a 21-point action plan to guide property developers’ balance sheets back to a safer footing, Xinhua news agency reported on January 13.
The change will apply to around 30 well-performing developers with a certain “systemic importance” in terms of scale, area of operations and other factors.
Zou Lan, head of the
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