China's new bank loans to real estate sector picked up significantly in January

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China's new bank loans to the struggling real estate sector increased significantly from the previous months after the authority pledged to meet property developers' reasonable funding needs.

Since late 2021, financial regulators have repeatedly sent positive signals about easing financing for the real estate sector and pledged to safeguard healthy development of the housing market and protect home buyers' legitimate rights. In January, China lowered 5-year Loan Prime Rate (LPR), the benchmark lending . . .

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