Bloomberg Television
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China Banks to Cut Rates on Mortgages, Deposits
Posted
August 29, 2023
Views
12,607
Likes
92
Comments
18
Engagement
0.87%
August 29, 2023
12,607
92
18
0.87%
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4:04Now PlayingBloomberg has learned that China's big lenders are preparing to cut interest rates on existing mortgages and deposits in the latest state-directed measure to shore up growth in the economy. Meanwhile, in the latest indication of its liquidity struggle, property giant Country Garden Holdings Co. has proposed a grace period of 40 calendar days for a maturing yuan bond. Annabelle Droulers reports on Bloomberg Television.
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