Postal Savings Bank of China to provide $39 bln of property sector financing

Postal Savings Bank of China to provide $39 bln of property sector financing

Postal Savings Bank of China has agreed to provide a total of 280 billion yuan ($39.17 billion) in financing to property companies including Vanke, Longfor and Country Garden, it said in a statement on Thursday.

($1 = 7.1479 Chinese yuan renminbi)