00:00 It's Benzinga and here's what's on the block.
00:02 A senior Chinese financial regulatory official urged the country's financial institutions to
00:06 provide strong support to the real estate sector. Zhao Yongqi of China's National Financial
00:11 Regulatory Administration said they should not blindly withdraw loans from projects facing
00:15 difficulties. He said they should provide greater support through extending existing loans,
00:19 adjusting repayment arrangements, and adding new loans. Zhao cautioned that new funding
00:23 guidelines are targeted and banks will issue property loans based on controllable risks
00:26 and commercial sustainability.
00:28 For all things money, visit Benzinga.com
00:30 [BLANK_AUDIO]
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