A construction site in Beijing. Other banks will follow suit if the pilot scheme works well, aiming to raise the fund up to 300 billion yuan. Photo: Reuters
A construction site in Beijing. Other banks will follow suit if the pilot scheme works well, aiming to raise the fund up to 300 billion yuan. Photo: Reuters

Developers’ shares rise on news of China’s US$12 billion bailout fund for beleaguered sector

  • The Hang Seng Mainland Properties Index rose by as much as 5.5 per cent in the morning session on Monday in Hong Kong
  • The size of the fund could be as much as 80 billion yuan (US$11.8 billion), Reuters says

A construction site in Beijing. Other banks will follow suit if the pilot scheme works well, aiming to raise the fund up to 300 billion yuan. Photo: Reuters
A construction site in Beijing. Other banks will follow suit if the pilot scheme works well, aiming to raise the fund up to 300 billion yuan. Photo: Reuters
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