China signalled more economic support measures are imminent after authorities took a small step toward supporting the ailing property market by extending loan relief for developers.
Top state-run financial newspapers ran reports yesterday flagging the likely adoption of more property supportive policies, along with measures to boost business confidence.
Earlier, financial regulators stepped up pressure on banks to ease terms for property companies by encouraging negotiations to extend outstanding loans. The Peoples Bank of China and National Financial Regulatory Administration said in a joint statement Monday that the aim is to ensure the delivery of homes that are under construction.
Some outstanding loans including trust loans due by the…
Top state-run financial newspapers ran reports yesterday flagging the likely adoption of more property supportive policies, along with measures to boost business confidence.
Earlier, financial regulators stepped up pressure on banks to ease terms for property companies by encouraging negotiations to extend outstanding loans. The Peoples Bank of China and National Financial Regulatory Administration said in a joint statement Monday that the aim is to ensure the delivery of homes that are under construction.
Some outstanding loans including trust loans due by the…
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