Chinese Gov’t Asks Top Banks to Provide Over US$84 billion to Rescue Real Estate Sector

• 4 October 2022

China’s financial regulators have asked its six largest banks to provide 600 billion yuan (US$84.32 billion) of financial support in any form including mortgages, loans to developers, and purchases of their bonds, to help recover the real estate sector. Bloomberg News reported on 30 September that this is the latest scheme after a series of […]