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<CN Home>Whitelisted Projects of CN Developers May Reportedly Receive Loan Extensions; Industry: Revaluation of Collateral is Key
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Mainland Chinese regulators purportedly issued new policy guidance under the real estate financing coordination mechanism. The core of this guidance is that projects already on the "whitelist" of the financing coordination mechanism, which meet certain conditions and standards, can receive loan extensions from their original lending banks. According to multiple sources verified by China Business Network, this policy is indeed true. Nearly 60% of institutions viewed that providing adequate collateral is the main hurdle in current financing implementation, and future details such as revaluation of collateral will affect the effectiveness of the policy, as revealed by third-party statistics. AASTOCKS Financial News Website: www.aastocks.com |
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