China's big 4 banks agree to measures to assist property developers and first-time home buyers,...

|By:, SA News Editor

China's big 4 banks agree to measures to assist property developers and first-time home buyers, according to the PBOC. The ease is expected to be directed at low-margin and relatively cheaper projects in keeping with government policy to boost supply of affordable housing. Property stocks jumped 2.15% in Shangahi. TAO +26.6% YTD.