China’s $562 billion loan push for unfinished homes disappoints
China’s pledge to nearly double the loan quota for unfinished residential projects to ¥4 trillion ($562 billion) fell short of market expectations, causing property shares to retreat as investors looked for stronger policies. The government set the new year-end target for loans to so-called “white-list” property projects after disbursing ¥2.23 trillion as of Oct 16. … Read more