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PBOC To Step Up Localised Housing Credit Policies

CHINA PRESS

The PBOC will promote the further two-way opening up of China’s financial markets, and ensure more support for the real economy in 2023, according to minutes from the central banks’ recent Financial Market Work Conference. The PBOC said it will step up the implementation of differentiated housing credit policies according to localised conditions, and will be closely monitoring dynamic changes in the housing market to better implement its policies. In 2023, the central bank will enhance market mechanisms for bond underwriting and investor qualification, improve the macro management of financial bonds, and develop market-oriented pricing of the bond market. The conference was attended by vice governor Pan Gongsheng.

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

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