The city of Chengdu, capital of southwest China’s Sichuan province, announced several measures including stepping up the quota of property loans and relaxing regulations on developers’ use of property pre-sale proceeds, in the first such package by a Chinese city to help developers ease a sector-wide cash crunch.
Chengdu's local authority will help with financial institutions to increase the quota of real estate loans, accelerate loan approval and disbursement and ensure . . .
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