Cranes with the China Vanke logo at a residential construction site in China, on September 28, 2021.
Qilai Shen | Bloomberg | beautiful pictures
The response from Chinese banks has been muted. Hong Kong-listed shares of China Construction Bank flat, ICBC up 0.28% and Bank of China also flat.
In November, China’s financial authorities released a 16-step guide to strengthening the housing sector, and “related policies” will now be extended until the end of 2024, the People’s Bank of China said. announced.
Xinhua News Agency reported that the move is to “instruct financial institutions to continue deferring loan payments to real estate businesses, while providing financial support to real estate businesses to ensure handover of projects.” housing project.”
