PBOC Boosts Rental Housing Support With City-Specific Policy
- Central bank reaffirms prudent easing stance on property
- Authorities vow to support new urban residents to buy homes
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China’s central bank will increase financial support for rental housing and tailor its property policies to conditions in different cities as it largely affirms its stance since late year.
The People’s Bank of China reiterated it will promote the real-estate sector’s healthy development, according to a Friday statement concluding a Tuesday meeting that planned financial market regulation and credit policy work in 2022.