The Bank of China maintains the preferential interest rate on one-year and five-year loans

MADRID, 20 Sep.

The Bank of China maintains the preferential interest rate on one-year and five-year loans

MADRID, 20 Sep. (EUROPA PRESS) -

The People's Bank of China (PBOC) has decided to maintain at 3.45% the preferential interest rate on one-year loans, which are granted mostly to families and companies, after the month last year chose to cut it from 3.55% to 3.45%.

The institution has also left intact, at 4.20%, the preferential interest rate on five-year loans, which is the one used for most mortgage loans.

The central bank's decision, although expected by analysts, is being received with falls in the Chinese stock markets. The Hang Seng, which brings together more than 40 companies listed on the Hong Kong Stock Exchange, fell more than 0.3% at 7:48 a.m., while the SE 50 of the Shanghai Stock Exchange also lost 0.3% and Shenzen, more than 0.2%.

China's statistical indicators have shown some signs of improvement in recent weeks, but its real estate sector remains in trouble, with Country Garden and Evergrande leading the way.

The latter, which a few days ago made headlines for the arrest of several executives of its Evergrande Wealth subsidiary, filed for a month ago under the United States Bankruptcy Law while restructuring its debt abroad, the same decision that another real estate agency has made. China, Sunac.

This promoter reported on Monday night in separate statements sent to the Hong Kong Stock Exchange that it has achieved the almost total support of its creditors for the restructuring plan of its offshore debt, which exceeds 9,700 million dollars (9,084 million of euros).

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