China authorities curate funding list for property developers amidst growing default risks

<p>An ICYMI of reports that Chinese authorities are drafting a list of 50 real estate developers eligible for a range of funding.</p><p>Bloomberg had the info, citing unnamed people familiar with the matter.
</p><ul><li>list includes both private and state-owned real estate developers</li><li>the list will guide financial institutions in providing support for the sector via bank loans, debt and equity financing</li></ul><p>Reuters followed up but said that the People's Bank of China and the National Administration of Financial Regulation did not immediately respond to Reuters' requests for comment.
</p><p>If the chatter is accurate the boost to financing should help a little towards a sustainable economic recovery. The spiralling risks of default among private developers has threatened China's financial and economic stability.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.