Property News · November 16, 2017

ICBC to offer 500 billion yuan worth of credit to spur home rental market in Guangzhou


Industrial and Commercial Bank of China (ICBC), the nation’s largest bank by assets, said on Thursday it would offer 500 billion yuan (US$75.4 billion) worth of credit to support the home rental market in Guangzhou.
The bank would offer credit to support the establishment of a state-owned residential leasing platform in Guangzhou.
The Beijing-based bank also signed strategic cooperation deals with two Guangzhou-based enterprises, Yuexiu Group and Pearl River Enterprises Group, to jointly…

Source : South China Morning Post
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