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

Benzinga 2023-11-02

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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.

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