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PBOC reportedly to offer cheap loans to support developers' bonds

PBOC reportedly to offer cheap loans to support developers' bonds

Reuters is reporting that the Chinese central bank is looking to provide loans via its re-lending facility to financial firms for the purpose of purchasing property developers' bonds, citing sources familiar with the matter. The specific facility is said to be implemented in the coming weeks and the PBOC is believed to be drafting a 'white list' in identifying good quality, systematically important developers who would receive wider state support.

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Posted: Nov 25 2022, 07:28
Author Name: forexlive
Views: 110713

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