China plans real estate fund worth up to $44 billion for distressed sector, source says - Reuters.com
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7/25/2022 12:00:00 AM2 years 9 months ago
China will launch a real estate fund to help property developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44 billion) in a bid to restore confidence in the industry, according to a state bank official with direct know…
BEIJING/HONG KONG, July 25 (Reuters) - China will launch a real estate fund to help property developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44 billion) … [+4295 chars]
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