PBoC issued only 12% of relending facility earmarked for property acquisition trials

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The central bank’s (PBoC) pilot funding scheme to reduce the housing surplus has gained little traction.
ICYMI: In February last year, the PBoC launched an RMB 100 billion relending facility to finance local governments’ acquisition of unsold apartments and their conversion into affordable housing i...

PBoC issued only 12% of relending facility earmarked for property acquisition trials

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