BEIJING : China's banking regulator will further implement a prudent financial management system for property firms and would look to effectively meet any reasonable financing demands they have, it said on Friday in a statement sent to Reuters.
China's policymakers have been trying to stabilise the property sector, which accounts for a quarter of the economy, after a string of defaults among developers on their bond repayments and a slump in home sales, which threaten further economic turbulence.
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