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10 months ago

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Top Chinese banks offer 25-year loans to LGFVs to avert credit crunch

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Top Chinese banks offer 25-year loans to LGFVs to avert credit crunch

Top banks like ICBC and China Construction Bank are offering LGFVs loans with ultra-long maturities and temporary interest relief to prevent a credit crunch amid growing tension in the US$9 trillion debt market.

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Top Chinese banks offer 25-year loans to LGFVs to avert credit crunch

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Top Chinese banks offer 25-year loans to LGFVs to avert credit crunch

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