IN order to meet the reasonable financing needs of Chinese real estate developers, a total of 17.86 billion yuan ($2.51 billion) in loans has been issued to 83 real estate-related projects included on the "white list," Xinhua News Agency reported on Monday.
As China's Ministry of Housing and Urban-Rural Development and the National Financial Regulatory Administration pledged to build a city-centered financing coordination mechanism to support the real estate sector, a total of 170 cities in 26 provinces have established the mechanism as of the end of January.
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