China's Bank of Communications Co Ltd (BoCom) said on Wednesday it would provide a 100 billion yuan ($13.98 billion) credit line to developer Vanke in the latest sign of support for the embattled property sector.
A Vanke sign is seen above workers working at the construction site of a residential building in Dalian, Liaoning province, China September 16, 2019. REUTERS/Stringersaid on Wednesday it would provide a 100 billion yuan credit line to developer Vanke in the latest sign of support for the embattled property sector.
property development loans, mortgage loans and loans for merger and acquisition deals, according to a statement released by the lender. "BoCom will continue to fulfill the responsibility of a state-owned bank, accurately promote high-quality economic development with high-quality financial services," it said., according to a separate statement it released on Wednesday.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oregon Gov. Kate Brown pardons 45K for marijuana crimesAbout 45,000 people previously convicted of marijuana possession in Oregon will be pardoned and $14 million in fines forgiven, the Governor's Office announced.
Read more »
Oregon Gov. Kate Brown pardons 45K for marijuana convictionsAbout 45,000 people previously convicted of marijuana possession in Oregon will be pardoned and $14 million in fines forgiven, the Governor's Office announced Monday.
Read more »
Philippines Accuse Chinese Coast Guard of ‘Forcefully’ Swiping Rocket DebrisThe crew tied the Chinese rocket component—later confirmed to be casing that protects its nose cone—to their boat and started towing it before they were cut off by the Chinese Coast Guard vessel.
Read more »
Nifty News: Chinese firms to offer World Cup metaverse viewings, X2Y2 backtracks on royalties and moreChinese tech companies are pushing into the Metaverse ahead of the World Cup, NFT marketplace X2Y2 reverses its royalties decision and more
Read more »
Nifty News: Chinese firms to offer World Cup metaverse viewings, X2Y2 backtracks on royalties, and moreChinese tech companies are pushing into the Metaverse ahead of the World Cup, nonfungible token (NFT) marketplace X2Y2 reverses its royalties decision, Givenchy drops NFTs in parallel with a new fashion collection, and new Johnnie Walker NFTs allow users a vote on bottle design.
Read more »