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PBOC Clarifies 16-Point Real Estate Plan

CHINA PRESS
MNI (BEIJING)

The PBOC clarified that private and state-owned firms should be treated equally under its recently unveiled 16-point support plan for the real estate sector, in a notice issued on its website on Wednesday. The central bank said loan restructuring should protect creditors and allow independent commercially driven negotiations between financiers and real-estate developers. The PBOC will support high-quality real estate firms to acquire distressed assets using market orientated methods, and will use policy banks to issue special loans to guarantee delivery of homes for sound borrowers.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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