China Drafts List of 50 Property Firms Eligible for Funding
- Officials are drawing up a developer white list, sources say
- Banks were given loan issuance target for private developers
A China Vanke development in Nanjing, China.
Source: BloombergThis article is for subscribers only.
Chinese regulators are drafting a list of 50 developers eligible for a range of financing, according to people familiar with the matter, the nation’s latest effort to put a floor under the property crisis.
China Vanke Co., Seazen Group Ltd. and Longfor Group Holdings Ltd. are among companies that have been named in a draft of the so-called white list, the people said, asking not to be named because the matter is private.