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Sources Deny Rumor About Banks Offering 25-Year Loans To LGFVs

CHINA PRESS
MNI (Singapore)

Several people close to major state-owned banks have denied claims top banks have offered local government financing vehicles (LGFVs) loans with 25-year maturities and temporary interest relief to avoid a credit crunch. The loans were said to wave interest or principal payments for the first four years. (Source: 21st Century Business Herald)

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