1 year ago
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A crane with the China Vanke logo astatine a residential operation tract successful China, connected Sept. 28, 2021.
Qilai Shen | Bloomberg | Getty Images
Reaction from Chinese banks were muted. Hong Kong-listed shares of China Construction Bank and Bank of China were flat, ICBC was up 0.28%.
In November, China's fiscal authorities rolled retired a 16-step line to enactment up its lodging sector, and "relevant policies" volition present beryllium present extended to the extremity of 2023, the People's Bank of China announced.
Xinhua reported that the determination is to "guide fiscal institutions to proceed deferring indebtedness payments for existent property enterprises, portion propping up fiscal enactment for the existent property enterprises to guarantee the transportation of lodging projects."
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