BEIJING (Reuters) – Chinese regulators have asked financial institutions to provide more support to property developers to shore up the industry, two sources with direct knowledge of the matter said on Sunday.
The notice issued by the People’s Bank of China and the China Banking and Insurance Regulatory Commission to institutions covers 16 steps such as loan repayment deferral, vigorously Push to ease severe liquidity crunch since 2020 summer.
The People’s Bank of China and the China Banking and Insurance Regulatory Commission did not immediately respond to Reuters’ requests for comment.
