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

FILE PHOTO: Residential buildings under construction in Shanghai

BEIJING (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)