China’s top banks to issue offshore loans to help developers repay debt -sources

[searcher]

HONG KONG/SHANGHAI/BEIJING, Dec 2 (Reuters) - China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt, three people with knowledge of the matter told Reuters, in Beijing's latest support measure for the cash-starved property sector.

The regulators have given the banks 'window guidance', or verbal orders that leave no paper trail, setting a date of Dec. 10 by which to make loans secured against domestic assets, said two of the sources, who all spoke on condition of anonymity.

Exclusive: China's top banks to issue offshore loans to help developers repay debt

China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt, three people with knowledge of the matter told Reuters, in Beijing's latest support measure for the cash-starved property sector.

www.reuters.com

 

[Bottom Feeder]

Somehow I don't understand that with $39 billion of debt set to mature in the first quarter of next year they want to loan out even MOAR money?! Howz zat work?

 

[pmbug]

... Howz zat work?

Kickingcandownroad.gif

 

[Someone_else]

 

[Bottom Feeder]

View attachment 4121

what would you call this?
a; paradox, oxymoron, enigma, dichotomy
what?

 

[pmbug]

Logical fallacy