Business & Finance
25 November 2022, 3:37 pm. 1 minute
Reuters was first to report China’s central bank will offer cheap loans to financial firms for buying bonds issued by property developers, the strongest policy support yet for the crisis-hit sector. The People’s Bank of China hopes the loans will boost market sentiment toward the heavily indebted property sector, which has lurched from crisis to crisis over the past year, and rescue a number of private developers.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Economy & PolicyReal Estate
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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