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Can China's Property Rescue Plan Restore Confidence?

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November 14, 2022

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Steven Chang, managing director and portfolio manager for Asia at Pacific Investment Management Co., discusses China sweeping rescue package to bail out a real estate market mired in a record slowdown and deepening liquidity crunch, and its implications for the bond market. The People's Bank of China and the China Banking and Insurance Regulatory Commission on Friday jointly issued a notice to financial institutions laying out plans to ensure the "stable and healthy development" of the property sector, according to people familiar with the matter. Chang speaks on "Bloomberg Daybreak: Asia."

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Steven ChangPacific Investment Management CoThe People's BankChina BankingInsurance Regulatory CommissionTwitter Facebook Instagram

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Can China's Property Rescue Plan Restore Confidence? · Bloomberg Television · Sentinel