👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

China is eyeing $137 billion of new funding to boost housing market - Bloomberg News

Published 11/14/2023, 04:55 AM
Updated 11/14/2023, 04:57 AM
© Reuters. FILE PHOTO: Buildings of a residential compound are seen in Shanghai, China, March 17, 2016. REUTERS/Aly Song
USD/CNY
-

(Reuters) - China plans to provide at least 1 trillion yuan ($137.22 billion) of low-cost financing to the nation's urban village renovation and affordable housing programs, Bloomberg News reported on Tuesday, citing people familiar with the matter.

© Reuters. FILE PHOTO: Buildings of a residential compound are seen in Shanghai, China, March 17, 2016. REUTERS/Aly Song

The People's Bank of China (PBOC) will inject funds in phases through policy banks, with the money ultimately trickling down to households for home purchases, Bloomberg News reported.

($1 = 7.2875 Chinese yuan renminbi)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.