scorecardresearchChina Seeks to Stabilize Property With Loans, Lower Interest Rates

China Seeks to Stabilize Property With Loans, Lower Interest Rates

Updated: 22 Aug 2022, 09:24 AM IST
TL;DR.
Chinese banks lowered their benchmark lending rates while authorities stepped up support for the property market with additional loans, a government-guided attempt at alleviating a worsening housing crisis and bolstering borrowing demand.
The PetroChina Co. headquarters building in Beijing, China, on Friday, Aug. 19, 2022. PetroChina, the country�s biggest oil and gas producer, is weighing a plan to carve out its marketing and trading business and seek a separate listing, people with knowledge of the matter said.�Source: Bloomberg

The PetroChina Co. headquarters building in Beijing, China, on Friday, Aug. 19, 2022. PetroChina, the country�s biggest oil and gas producer, is weighing a plan to carve out its marketing and trading business and seek a separate listing, people with knowledge of the matter said.�Source: Bloomberg