China pledges US$42 billion in a slew of measures to support the property sector
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https://www.cnbc.com/2024/05/17/china-pl...ector.html

 These and other measures announced Friday marked Beijing’s latest efforts to address issues in the massive real estate sector.

 The People’s Bank of China will provide 300 billion yuan ($42.25 billion) to financial institutions to lend to local state-owned enterprises (SOEs) so they can buy unsold apartments that have already been built.

 Also Friday, the PBOC removed a floor on mortgage interest rates, and lowered the minimum down payment ratio for first- and second-time home buyers.
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