1 week Ago By HeadTopics.com
China vowed more financial support for real estate projects that fall under its so-called whitelist and to speed up banks lending of 4 trillion yuan for such projects, according to the nation's housing ministry. China vowed more financial support for real estate projects that fall under its so-called whitelist and to speed up banks lending of 4 trillion yuan for such projects, according to the nation's housing ministry.Ni Hong, China's minister of housing and urban-rural development, delivered the remarks at a press conference on Thursday, alongside officials from the central bank, financial ministry and the National Financial Regulatory Administration.
Throughout the week, Chinese stocks overall have been volatile as investors diverged in their opinions on whether the government would deliver the stimulus needed to boost the economy. Ahead of the press conference Thursday, the market rallied again, indicating some hope that China would soon deliver some concrete stimulus policies.announced a 50 basis-point cut to the amount of cash banks need to have on hand, known as the reserve requirement ratio or RRR.
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