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People's Bank of China mobilizing US$148bn property developer bailout

People's Bank of China mobilizing US$148bn property developer bailout

Central Banks
Eamonn Sheridan
28/07/2022 | 03:57 GMT

Headlines via Reuters.

Adding:

  • PBOC will initially issue circa CNY200bn of low interest loans, rate around 1.75, to state commercial banks
  • banks to use the PBOC loans along with their own funds to refinance stalled development projects
bailout 28 July 2022

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