Posted 2/26/2024, 7:13:00 PM
China's Biggest Banks Commit $18 Billion to Bail Out Government-Backed Real Estate Projects
- China's biggest banks to lend $18 billion to real estate projects on government's "white list"
- Financing aimed at ailing Chinese property sector amid debt crisis
- Agricultural Bank of China approved over $6 billion, citing duty as state-owned bank
- China Construction Bank financing nearly 100 real estate projects on white list
- Follows government calls for banks to support property sector
