PBoC extends relief measures for struggling developers

Developers are allowed loan repayment extensions by another full year

China property

China’s financial regulators extended relief measures for the faltering property sector on July 10.

Last November, the People’s Bank of China issued a notice outlining 16 measures to support the cash-strapped sector. The directive includes asking financial institutions to give developers a one-year extension for loan repayments due within the next half year.

The central bank and the National Financial Regulatory Administration told lenders they can now extend developers’ loans due to be repaid

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

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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