PBOC Plans ‘Tailored’ Property Support, Downplays Risk for Banks
- Central bank says share of non-performing property loans small
- Support for real estate to be ‘tailored’ for cities, Zou says
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The People’s Bank of China signaled more targeted support may be on the cards for the property market as it sought to assure investors that the risks banks face from the sector are controllable.
Real estate policies will be “tailored” to cities, Zou Lan, head of the monetary policy department, said Friday at the PBOC’s briefing on first-half economic statistics. He added that the policies that were rolled out when the market was overheated can be “optimized marginally.”