Reuters reveals China central bank to offer cheap loans to support developers’ bonds

by DailyBriefers
3 comments

Business & Finance

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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