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South China Morning Post
CCB, BOC and China Everbright among Chinese lenders that have injected billions into 'whitelist' housing projects
Leading Chinese banks have injected billions of yuan into housing projects with the aim of financing the completion of pre-sold but yet-to-be-completed homes across the country, according to figures released by the lenders. The initiative, which falls under the so-called whitelist mechanism, is part of Beijing's efforts to revive a weakening property sector that accounts for a quarter of China's gross domestic product. China Construction Bank (CCB), one of the largest state-owned commercial bank