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China regulators urge more financing support for property firms -sources

China regulators urge more financing support for property firms -sources

[html]BEIJING (Reuters) – Chinese regulators have asked financial institutions to extend more support to property developers to shore up the sector, two…
                              

BEIJING (Reuters) –     Chinese regulators have asked financial institutions to extend more support to property developers to shore up the sector, two sources with direct knowledge of the matter said on Sunday.


A notice to the institutions from the People’s Bank of China and the China Banking and Insurance Regulatory co*mission covered 16 steps, such as loan repayment extensions, in a major push to ease a deep liquidity crunch since the summer of 2020.


The PBOC and CBIRC did not immediately respond to Reuters requests for co*ment.



(Reporting by Liangping Gao and Ryan Woo; Editing by Clarence Fernandez)


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