25 Nov 2022 05:47PM
(Updated: 25 Nov 2022 05:47PM)
BEIJING : 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)