Latest news with #policybanks
Reuters
3 days ago
- Business
- Reuters
China prepares $70 billion in new capital to boost investment, Bloomberg News reports
May 30 (Reuters) - China plans to allocate 500 billion yuan ($69.51 billion) of capital that could be used to fast track new infrastructure projects, Bloomberg News reported on Friday, citing people familiar with the matter. China's three policy banks will raise funds and buy stakes in projects, the report said. It also said that the policy lenders may issue bonds or use other methods to tap financing. ($1 = 7.1936 Chinese yuan renminbi)
Bloomberg
3 days ago
- Business
- Bloomberg
China Preps $70 Billion in New Capital to Supercharge Investment
China plans to allocate 500 billion yuan ($70 billion) of capital that could be leveraged up to fast track new infrastructure projects as authorities seek to cushion the economy from US tariffs, according to people familiar with the matter. Under the so-called 'new financing policy tool,' the nation's three policy banks will raise funds and buy stakes in projects, one of the people said, asking not to be identified discussing a private matter. The policy lenders may issue bonds or use other methods to tap financing, according to the person.
