China’s housing minister
will add 1 mn village urbanization projectswill expand white list of projects, bank lending to 4tln yuanwill adopt monetisation measures for urbanisation projects
Other officials speaking also:
All commercial housing loans to be included on white listmanagement of real estate projects will be further standardisedfinancing to be quicker, more convenient
Commercial banks should make full use of loansShould optimise
allocation of loans, method of appropriationBanks should ensure
loans are granted for white list projectsBanks should ensure
loans are granted for white list projectsSince October 16
white list approved loans hit 2.23 trln yuan
Cities to make their own decisions on property restrictions based on
economic situation and local property market conditions
Cities will take steps according to own situation to prevent negative
effects of a migratory siphon effect
Chinese equities adding to their earlier gains. As is AUD/USD.
This article was written by Eamonn Sheridan at www.forexlive.com.
