2022-11-25 07:24:00

China central bank to offer cheap loans to support developers' bonds

Logo Channel NewsAsia
Channel NewsAsia
By Cna

Best News Website or Mobile Service

WAN-IFRA Digital Media Awards Worldwide

Best News Website or Mobile Service

Digital Media Awards Worldwide

HONG KONG/SHANGHAI: China's central bank will offer cheap loans to financial firms for buying bonds issued by property developers, four people with direct knowledge of the matter said, the strongest policy support yet for the crisis-hit sector.

The People's Bank of China (PBOC) 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, said the people, who asked not to be named as they were not authorised to speak to the media.

China has stepped up support in recent weeks for the property sector, a pillar accounting for a quarter of the world's second-biggest economy. Many developers defaulted on their debt obligations and were forced to halt construction.

The country's biggest banks this week pledged at least US$162 billion in credit to developers.

Continue read on channelnewsasia.com

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-25 07:24:53
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide HONG...

Logo The Business Times
Business / Finance2022-11-25 08:41:22
CHINAS central bank will offer cheap loans to financial firms for buying bonds issued by property developers, four people with direct knowledge of the matter...

Logo South China Morning Post
Business / FinanceBy Iris Ouyang2022-11-24 05:41:19
The PBOC and the CBIRC officially confirmed a 16-point rescue plan for Chinas real estate sector on Wednesday Major Chinese banks have announced financing...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-24 11:43:38
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide BEIJING :...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-24 03:49:45
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide HONG...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-23 11:33:06
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide BEIJING :...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-24 03:49:45
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide HONG KONG :...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-21 14:26:21
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide BEIJING : The...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-24 02:53:11
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide HONG KONG :...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-25 06:18:10
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide SHANGHAI :...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-23 04:11:00
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide BEIJING: Three...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-25 01:36:09
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide TOKYO :...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-21 07:31:46
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide BEIJING :...

Logo Investing.com
EconomyBy Geoffrey Smith/Investing Com2022-11-24 11:55:22
By Geoffrey Smith Investing.com -- It's Thanksgiving, and U.S. stock markets are closed for a well-deserved rest. The rest of the world is giving thanks for...

Logo South China Morning Post
Business / FinanceBy Chad Bray2022-11-24 22:00:14
Big opportunity for India to pick up investment from foreign investors spooked by Chinas zero-Covid policies, Gavekal says Indias economy is expected to grow...

Logo CNBC
EconomyBy Jenni Reid2022-11-24 14:09:02
Key Points Claudia Buch, vice president of the Bundesbank, told CNBC there had not been a reversal of the overall dynamic in the housing market so there...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-24 09:12:52
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide Debt-laden...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-18 09:34:16
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide BEIJING :...

Logo The Business Times
Business / Finance2022-11-21 02:36:05
CHINESE banks maintained their benchmark lending rates for a third month after the central bank kept its key rates unchanged last week and signalled more...

Logo PR Newswire
Trez Capital Private Real Estate Fund Trust (TPREF) continues to produce strong growth for Canadian investors Q3 2022 Highlights Net Asset Value (NAV) growth...