The central bank released 1.2 trillion yuan ($190 billion) from bank reserves for additional lending on Monday. Evergrande and its creditors have yet to confirm news reports the company failed to make a payment due this week on a U.S.-dollar-denominated bond sold abroad. Evergrande, headquartered in the southern city of Shenzhen, is the biggest company caught in a campaign launched by Beijing last year to force developers to reduce soaring debt that is seen as a threat to economic stability. Smaller developers have gone bankrupt, missed debt payments or warned they might default.