PBoC aims to raise $150 billion for property bailouts, reports say

peoples-bank-of-china
The People's Bank of China

China’s central bank aims to mobilise up to 1 trillion yuan ($148 billion) to bail out stalled property developments, the Financial Times reported on July 28.

The Chinese authorities are confronting a growing crisis in the country’s property market. Many homebuyers have stopped paying mortgages for unfinished flats over the past weeks in an escalating nationwide campaign. The boycott on home loans has spread to at least 300 housing projects, according to some reports.

The People’s Bank of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: