China Builders Start to See Projects Listed for Funding Support

(Bloomberg) — Cash-strapped Chinese property developers said a range of their housing projects has been listed as eligible for funding under the latest program to support the ailing sector.

Country Garden Holdings Co. Ltd., which defaulted on a dollar bond late last year, said it has more than 30 projects listed by local authorities as suitable for financial support, adding that it hopes to join the lists of other provincial governments. Sunac China Holdings Ltd., which completed offshore bond restructuring months ago, said more than 90 of its developments have been included in whitelists by more than 20 city governments.