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

Breaking News


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

EU to approve Hungary’s recovery plan, hold payouts until conditions metBy Reuters – Nov 24, 2022

BRUSSELS (Reuters) – The European Commission is likely to approve next week Hungary’s post-pandemic recovery plan to keep open the possibility of EU disbursements later, but hold…

Slovak police renew bribery charge against central bank governor Kazimir – lawyerBy Reuters – Nov 24, 2022

(Reuters) -Slovak police have resurrected a bribery charge against Slovak central bank Governor and European Central Bank policymaker Peter Kazimir, his lawyer said on Thursday,…

BoE’s Ramsden favours more rate hikes, but sees potential for cutsBy Reuters – Nov 24, 2022

By David Milliken and Andy Bruce LONDON (Reuters) -Bank of England Deputy Governor Dave Ramsden backed more interest rate hikes on Thursday, but said he would consider cutting…

Our Apps

Terms And Conditions
Privacy Policy
Risk Warning

(C) 2007-2022 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

About the author