Skip to main content

PBoC steps up funding for development projects

Central bank injects 150 billion yuan amid slew of government measures to bolster property sector

New 50 yuan note
PBoC

The People’s Bank of China (PBoC) last month provided 150 billion yuan ($21 billion) of low-cost funds to support development projects in urban areas.

The central bank provided the funds through its pledged supplementary lending (PSL) facility to China’s “policy banks” – state-owned lenders that promote government objectives.

The outstanding amount of PSL loans was 3.4 trillion yuan at the end of January, according to a central bank statement released on February 1.

The latest injection came as the

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

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

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

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

Iniciar sesión
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

.