The Chinese government's reported plans to support financing for a group of larger developers and promote better funding access for some larger private developers signal the government’s growing efforts to stabilise the property market, and that there may be more direct support in the near term, says Fitch Ratings. Risks within banks’ existing property development loan books could ease in the near term if selective bank lending support and other direct government interventions restore market confidence in the distressed property sector and, in turn, give developers, especially private ones, additional time to adjust ... (full story)