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MNI BRIEF: New Policy Tools "Under Consideration" - PBOC

MNI (Beijing)

New structural policy tools to support the real estate sector are "under evaluation", Zou Lan, Head of Monetary Policy at the PBOC said Friday. Speaking at a press conference on Friday, Zou said the new tools, which will be announced at a later date, are structural tools designed to support mortgage loans, rental mortgages, and private enterprise bond financing.

The central bank will also ensure financial risk does not spread to high quality firms and focus on improving balance sheets of good developers. He said the recent measures to expand local authorities' powers in adjusting the lower mortgage rate for first time buyers was a dynamic solution that also controlled relevant risks.

MNI Beijing Bureau |
MNI Beijing Bureau |

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