China's housing minister
- will add 1 mn village urbanization projects
- will expand white list of projects, bank lending to 4tln yuan
- will adopt monetisation measures for urbanisation projects
Other officials speaking also:
- All commercial housing loans to be included on white list
- management of real estate projects will be further standardised
- financing to be quicker, more convenient
- Commercial banks should make full use of loans
- Should optimise allocation of loans, method of appropriation
- Banks should ensure loans are granted for white list projects
- Banks should ensure loans are granted for white list projects
- Since October 16 white list approved loans hit 2.23 trln yuan
- Cities to make their own decisions on property restrictions based on economic situation and local property market conditions
Cities will take steps according to own situation to prevent negative effects of a migratory siphon effect
Chinese equities adding to their earlier gains. As is AUD/USD.
