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China's 'urban village' drive gets policy bank loan support

From channelnewsasia.com

China's central bank issued 150 billion yuan ($21 billion) in loans to policy banks through its pledged supplementary lending (PSL) facility in January, granting such loans for a second month as part of a push to support its "urban village" plan. The loans were made to state-owned policy banks - China Development Bank, Export-Import Bank of China and Agricultural Development Bank of China, the central bank said in a statement on Thursday, without saying how the banks would use the loans.Outstanding PSL loans totalled 3.4022 trillion yuan at the end of January, compared with 3.2522 trillion yuan at ... (full story)

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  • Category: Fundamental Analysis