Free Trial

MNI BRIEF: PBOC To Safeguard Homebuyers' Rights

MNI (Singapore)

The People's Bank of China will ensure the continued healthy development of the real estate market and safeguard the legitimate rights of homebuyers, according to a statement on its website following the Q3 meeting of the central bank's Monetary Policy Committee.

Overall monetary policy will remain prudent and flexible, maintain sufficient liquidity and enhance the stability of total credit growth, as well as keep the macro-leverage ratio basically stable, the statement added.

According to the website, the PBOC will also deepen market-based exchange rate reform, strengthen the flexibility of yuan and the management of expectations, as well as stabilizing the yuan at a reasonable and equilibrium level, the statement said.

True
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.