Flats under construction in Shanghai. Photo: Reuters
Flats under construction in Shanghai. Photo: Reuters

China plans to rescue property firms in strongest sign yet that policymakers are easing a years-long clampdown on sector

  • People’s Bank of China and China Banking and Insurance Regulatory Commission have jointly issued a notice to financial institutions laying out plans to ensure the ‘stable and healthy development’ of the sector, sources say
  • Authorities have sought to defuse the property crisis with a raft of measures in the past few months

Flats under construction in Shanghai. Photo: Reuters
Flats under construction in Shanghai. Photo: Reuters
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