List of property projects eligible for funds out soon

Financial lifeline: People walk past a propety development in Beijing. The government has called for local authorities to better support the funding needs of developers. — AP

SHANGHAI: China will reveal its first list of housing projects eligible for funding by the end of January, the latest attempt to boost bank lending for real estate to slow the sector’s slump.

The projects will be able to obtain financing “immediately” after the list is announced, the Housing and Urban-Rural Development Ministry said in a meeting last Friday, China Central Television reported.