Postal Savings Bank of China to provide $39 billion of property sector financing

Reuters

BEIJING (Reuters) – Postal Savings Bank of China has agreed to provide a total of 280 billion yuan ($39.17 billion) in financing to property companies including Vanke, Longfor and Country Garden, it said in a statement on Thursday.

($1 = 7.1479 Chinese yuan renminbi)

(Reporting by Ziyi Tang and Ryan Woo; Editing by David Goodman)

Related News:   New Jersey Gas Station Tipping, Do You Do It?

tagreuters.com2022binary_LYNXMPEIAN0CK-BASEIMAGE

You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.