Reuters was first to report China’s central bank will offer cheap loans to financial firms for buying bonds issued by property developers, the strongest policy support yet for the crisis-hit sector. The People’s Bank of China 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.
The post Reuters reveals China central bank to offer cheap loans to support developers’ bonds appeared first on Reuters News Agency.
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