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

Residential buildings under construction in Shanghai
Surveillance cameras are seen near residential buildings under construction in Shanghai, China July 20, 2022. REUTERS/Aly Song/File Photo

BEIJING, Nov 24 (Reuters) - 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)

Reporting by Ziyi Tang and Ryan Woo Editing by David Goodman

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