China's Industrial and Commercial Bank of China (ICBC) has announced its commitment to supporting the stabilisation of the property market in the country. This move comes amidst concerns over the recent volatility and speculation in the real estate sector.
ICBC, one of the largest banks in China, has stated that it will work closely with regulators and other stakeholders to ensure the sustainable development of the property market. The bank aims to promote responsible lending practices and discourage excessive speculation that could lead to market instability.
