China encourages loan issuance for rental housing groups

Kitco Media
By Reuters
Published:
Updated:
Reuters
BEIJING, Feb 24 (Reuters) - China's central bank and banking and insurance regulator on Friday encouraged commercial banks to issue loans for the purchase of housing by rental housing groups. The China Banking and Insurance Regulatory Commission and the People's Bank of China on Friday jointly released a consultation paper on supporting housing leasing market development. (Reporting by Beijing Newsroom, Editing by Raissa Kasolowsky)

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