In this undated photo, potential homebuyers look at a property model in Yantai, Shandong province of China. (TANG KE / FOR CHINA DAILY)

BEIJING - Chinese banks are stepping up their lending support for private property enterprises as loans from major banks have exceeded 30 billion yuan ($4.22 billion) since November, with over 14 billion yuan made in the past two weeks.

After the People's Bank of China, the National Financial Regulatory Administration, and the China Securities Regulatory Commission held a symposium with financial institutions on Nov 17, banks have briskly expanded cooperation with property enterprises and ensured that lending was made in a stable and orderly manner.

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The lenders include China's five major state-owned banks, namely the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications, as well as other banks such as China Guangfa Bank and China Zheshang Bank.

Multiple other banks are also accelerating the procedures of granting loans to meet the financing needs of property enterprises.