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PBOC To Support Real Estate Transition To New Development Model

CHINA PRESS
MNI (BEIJING)

The People’s Bank of China (PBOC) will ensure the real estate sector's smooth transition to a new development model, in plans discussed at a recent symposium, according to a notice posted on the PBOC’s social media account. The central bank will improve the balance sheet of high-quality firms and make use of special loans to guarantee housing delivery. Bond financing will be used to support private firms, and policies to improve housing demand will be implemented. The PBOC is planning to continue using structural monetary policy tools to support the green economy, boost innovation, and improve weak links. The symposium was attended by Pan Gongsheng, Vice Governor of the PBOC.

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

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