China’s state-owned Bank of Communications has agreed to provide a Rmb120bn ($16.8bn) credit line to Chinese developer Vanke and Midea Real Estate, in a clear sign of greater government support for stronger players in the country’s struggling real estate sector.BoCom, China’s sixth-largest bank by assets, said on Wednesday the loans would support the developers’ needs in “project developments, mortgages, merger and acquisition deals, bond investment, letter of guarantee and supply chain financing”.
中國國有的交通銀行(BOCOM)已同意向中國房地產開發商萬科(Vanke)和美的置業(Midea Real Estate)總計提供1200億元人民幣（合168億美元）的意向性授信額度，這是一個明顯跡象，表明中國當局加大了對陷入困境的中國房地產行業中實力較強的企業的支持力度。
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