About 12 developers will be supported by banks and distressed debt managers in the first wave of the programme.
April 28, 2022Lenders are being asked to accelerate lending to homebuyers and developers. Bad debt managers are being asked to buy up property assets and help restructure smaller lenders.
February 25, 2022Regulators are considering allowing real estate developers to access cash held in escrow from pre-sales of uncompleted properties.
January 24, 2022Project mergers and acquisitions between real estate companies are the most effective market-oriented means for the industry to resolve risks, said the PBOC's Zou Lan.
January 5, 2022Banks are asked to support acquisitions of property development projects by healthy real estate companies, including by providing direct loans and facilitating bond issuance.
December 22, 2021The PBOC is providing banks with capital to lend to small businesses, and acting as an intermediary between lenders and property developers.
December 16, 2021The cut, effective 15 December, will free up an estimated CNY 1.2 trillion in banking system liquidity to support the economy and reduce financing costs for businesses.
December 7, 2021Government officials have been dispatched to China Evergrande Group to form a risk management committee to oversee risk management and strengthen internal controls.
December 7, 2021The Financial Reporting Council will increasingly disclose its investigations when cases involve high public interest.
November 28, 2021Regulators reportedly plan to also relax restrictions on the size of new interbank bond issuance by "high quality" developers.
November 21, 2021