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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.