China's BoCom agrees to support eight property firms


Reuters | Beijing | Updated: 08-12-2022 07:50 IST | Created: 08-12-2022 07:50 IST
China's BoCom agrees to support eight property firms
  • Country:
  • China

China's Bank of Communications Co Ltd (BoCom) said on Thursday that it signed strategic cooperation agreements to support eight property firms including Longfor, Gemdale and Greentown.

It came after the lender last month agreed to provide a 100 billion yuan ($14.34 billion) credit line to Chinese developer Vanke and a 20 billion yuan credit line to Midea Real Estate Holding Ltd. ($1 = 6.9748 Chinese yuan renminbi)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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