China’s banks are pumping fresh funds into stalled housing projects and cutting rates on existing mortgages. The goal is to spark a financial turnaround for the nation’s beleaguered real estate sector. Banks are paying a pretty price for their efforts. Policymakers are leaning on banks of all stripes—from city commercial banks to state-owned giants such as ICBC and China Everbright Bank—to stimulate a market hard-hit by falling home prices and property developer losses since the Covid-19

Tag-uri: Real Estate Coronavirus