Caixin
Nov 24, 2022 09:01 PM
FINANCE

China’s ‘Big Six’ State Banks Offer Developers $130 Billion in Credit Lines

The credit lines that China’s “Big Six” state-owned banks have offered to property developers are expected to lift the market in the short term and prevent credit risks from spreading to leading property developers, analysts said. Photo: VCG
The credit lines that China’s “Big Six” state-owned banks have offered to property developers are expected to lift the market in the short term and prevent credit risks from spreading to leading property developers, analysts said. Photo: VCG

China’s “Big Six” state-owned commercial banks have offered at least 925 billion yuan ($130 billion) in credit lines to property developers, most of whom qualify as high-quality players, in a move to help curb risk contagion amid a liquidity crunch in the battered real estate sector.

The moves, in response to regulatory calls, are expected to uplift the market in the short term and prevent credit risks from spreading to leading property developers, analysts said.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
China Stories: The Rural Hardship Behind the Mine Murders That Shocked China
00:00
00:00/00:00