Caixin
Jan 13, 2023 08:48 PM
FINANCE

Chinese Property Firms Left in the Dark About Who Can Qualify for Credit Support

A residential complex under construction in Jinhua, East China's Zhejiang province, Jan. 12. Photo: VCG
A residential complex under construction in Jinhua, East China's Zhejiang province, Jan. 12. Photo: VCG

If China’s central bank and top banking regulator have a list of property developers eligible for government-guided credit support, the builders aren’t aware of it, sources with knowledge of the matter told Caixin.

Speculation of such a list emerged after the People’s Bank of China and the China Banking and Insurance Regulatory Commission asked some major banks at a Tuesday meeting to help resolve the financial risks of developers deemed to be “leading” and “high-quality.”

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