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

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

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Economy 4 minutes ago (Nov 24, 2022 06:45AM ET)

(C) Reuters. FILE PHOTO: Surveillance cameras are seen near residential buildings under construction in Shanghai, China July 20, 2022. REUTERS/Aly Song/File Photo

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)

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

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