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China's Country Garden gets new credit line of up to $7 billion - Securities Times

24 Tháng Mười Một 2022
China's Country Garden gets new credit line of up to $7 billion - Securities Times © Reuters. FILE PHOTO: The logo of property developer Country Garden is seen on a building in Dalian, Liaoning province, China May 7, 2017. REUTERS/Stringer
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HONG KONG (Reuters) - Major Chinese developer Country Garden has signed a contract with the Postal Savings Bank of China for a credit line of up to 50 billion yuan ($7.0 billion), Securities Times reported on Thursday.

The credit line will be used for loans for land development, mergers and acquisitions, and mortgage financing, it said. On Wednesday, three other commercial banks agreed to provide fundraising support to property developers, including industry giant Vanke, in a coordinated effort to support the country's embattled property sector.

($1 = 7.1429 Chinese yuan renminbi)

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    EUR/JPY 143.32 ↑ Sell  
    EUR/CHF 0.9895 ↑ Sell  
    Gold 1,782.55 ↑ Buy  
    Silver 22.455 ↑ Buy  
    Copper 3.7933 ↑ Buy  
    Crude Oil WTI 77.48 ↑ Buy  
    Brent Oil 83.01 ↑ Sell  
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    US Coffee C 163.42 ↑ Sell  
    Euro Stoxx 50 3,956.53 ↑ Sell  
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    DAX 14,447.61 ↑ Sell  
    FTSE 100 7,567.54 ↑ Sell  
    Hang Seng 19,518.29 Buy  
    Small Cap 2000 1,835.79 ↑ Buy  
    IBEX 35 8,370.10 ↑ Sell  
    BASF 47.970 Sell  
    Bayer 53.09 ↑ Buy  
    Allianz 203.00 Buy  
    Adidas 122.06 ↑ Sell  
    Lufthansa 7.766 ↑ Buy  
    Siemens AG 135.44 ↑ Buy  
    Deutsche Bank AG 10.150 Neutral  
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