Property stocks climb after China´s central bank slightly eases monetary policy
(WorldNews China)

Shares of Chinese property firms climbed on Monday after the People’s Bank of China (PBOC) said it would broaden the range of collateral it accepts as part of its medium-term lending facility (MLF), making another slight tweak to its monetary policy. Introduced to PBOC’s monetary policy toolkit in September 2014, MLFs are loans given by the PBOC to commercial lenders in exchange for collateral. The loans come in three tenors: three, six and 12 months. In addition to the use of bonds......