China mulls unsecured working capital loans for property developers – report

China mulls unsecured working capital loans for property developers – report

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China may allow banks to provide unsecured short-term working capital loans to eligible real estate developers, Bloomberg reported citing people familiar with the matter, as part of Beijing’s efforts to relieve the property crisis.

The working capital loans would help these firms fund day-to-day operations and help free up capital for repaying debt. These loans differ from the usual loans available for developers that need to be backed by land or assets as collateral.

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