PBOC Tells Property Speculators That ‘Homes Are For Living In’
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China’s central bank warned property speculators that “homes are for living in” as the regulator pledged to properly regulate the real estate market.
The People’s Bank of China also said it will be “flexible” and “appropriate” in setting prudent monetary policy, and will boost financial support to manufacturers and the private sector, according to a statement after a meeting on Friday. Authorities will increase mid to long-term funding for the manufacturing industry and further lower financing costs for private companies, the PBOC said.