PBOC: Evergrande's risks to financial system controllable

Market news

15 October 2021

PBOC: Evergrande's risks to financial system controllable

Finally, the Chinese central bank, the People Bank of China (PBOC) is out with its take on the persisting concerns over the indebted China Evergrande Group.

Key takeaways

“PBOC urges developers, shareholders, to fulfill debt obligations.”

“China asks banks to keep stable, orderly loans to real estate.”

more to come ...

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