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PBOC Guangzhou branch reportedly guides banks to provide offshore financing to developers

PBOC Guangzhou branch reportedly guides banks to provide offshore financing to developers

Info crossing the news wires with no further detail at this stage.

  • The People's Bank of China's branch in Guangzhou has recently guided financial institutions under its supervision to provide offshore financing to quality property developers
  • backed a domestic guarantee
  • involving over 2.8 billion yuan of funding

The news from China is getting better for markets:

Posted: Jan 4 2023, 03:21
Author Name: forexlive
Views: 102067

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