PBoC increases aid for troubled real estate sector
Latest measure expands bond scheme to $34.5 billion and offers developers help with debt issuance
Chinese regulators have expanded a key financing support programme for real estate companies and other firms, as the property sector faces increasing funding problems.
The National Association of Financial Market Institutional Investors said on November 8 it will expand the bond financing scheme with support from the People’s Bank of China. The NAFMII, a semi-official body regulating China’s interbank market, said it would expand the scheme to about 250 billion yuan ($34.5 billion). It did not
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