China's High-Level Financial Meeting Signals Support for Property Developers and Resolving Debt Issues

  • last year
China signaled support for property developers and resolving local government debt problems in a high-level financial meeting this week. The meeting emphasized that private and state-owned property developers would be treated equally and their reasonable funding demands would be satisfied, indicating China will provide support to both private and state developers. Recent months have seen China ease restrictions on home purchases and seek to support developers in finishing construction projects. But there has been no outright bailout for the large real estate sector.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 China has signaled support for property developers in resolving local government debt problems
00:06 in a high-level financial meeting this week.
00:08 The meeting emphasized that private and state-owned property developers would be treated equally
00:12 and their reasonable funding demands would be satisfied, indicating China will provide
00:16 support to both private and state developers.
00:19 Recent months have seen China ease restrictions on home purchases and sought to support developers
00:23 in finishing construction projects.
00:25 But there's been no outright bailout for the large real estate sector.
00:27 For all things money, visit Benzinga.com.
00:29 [BLANK_AUDIO]

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