Chinese language banks pledge US$162 billion in contemporary loans to property builders, sparking a rally in shares

Unfinished house buildings at a residential complicated in Guilin, Guangxi Zhuang Autonomous Area, China on September 17.Workers/Reuters China’s largest industrial banks have pledged not less than $162 billion in contemporary loans to property builders, bolstering current regulatory measures to ease a money crunch within the sector and spur property shares. Have executed Three state-owned banks … Read more