The PBOC will channel 80 billion yuan (US$11.8 billion) of loans to high-quality developers through the nation’s biggest bad-debt asset managers, with a similar amount to be matched by the distressed debt firms, according to sources.
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asiabusinessalert.com > Real Estate > China bad-debt firms plan refinancing support of up to US$24 billion for selected property developers
China bad-debt firms plan refinancing support of up to US$24 billion for selected property developers
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