Bank of China agrees to provide credit lines totaling more than 600 bln yuan to 10 property developers
- Country:
- China
Bank of China Ltd announced Friday that it had agreed to provide credit lines totaling more than 600 billion yuan ($83.8 billion) to 10 property developers, including Vanke and Country Garden.
The move came as China's state-owned banks took efforts to respond to Beijing's call to ease a liquidity crisis in the embattled property sector. ($1 = 7.1638 Chinese yuan renminbi)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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