China Construction Bank Corp, one of the country’s four largest state-owned lenders, will set up a 30-billion-yuan ($4.2 billion) fund to buy properties from developers. The move comes even as policymakers take steps to contain a real estate crisis that is weighing on the economy, according to a Bloomberg report.

China Construction Bank To Set Up $4.2-Billion Fund For Buying Properties; Details Here comes via ChinaTechNews.com.