HONG KONG: Chinese major provinces are seeking more than Rmb100bn (US$15.7bn) in loans to back a series of government-backed housing projects, sources said.
The Shanghai government is raising up to Rmb40bn in loans, while Hunan is seeking up to Rmb30bn.
According to banking sources, Chongqing, Gansu, Guangzhou, Henan, Jiangxi and Shanxi are also seeking loans for their subsidised housing projects.
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