Central Bank of China Says Promoting Healthy Development of Real Estate Market | Invest News

SHANGHAI (Reuters) – China’s central bank said on Saturday it would protect the legal rights of homebuyers and better meet their reasonable living needs, pledging to promote healthy development of the country’s real estate market.

The statement by the People’s Bank of China (PBOC), issued after its fourth quarter monetary policy committee meeting, is the latest sign that Chinese regulators are loosening restrictions on the real estate sector slightly to avoid a hard landing .

Echoing the annual Central China Economic Labor Conference held in early December, the PBOC said it will prioritize economic stability, amid an increasingly severe external environment and the global pandemic. implacable.

The PBOC said it would keep its monetary policy flexible and appropriate, and its reasonably abundant liquidity. It will strengthen support for the real economy, with a bias in favor of small businesses.

The central bank reiterated that it would deepen currency market reforms and increase the flexibility of the yuan exchange rate while urging companies and financial institutions to be “risk neutral.”

(Reporting by the Shanghai Newsroom; Editing by Kirsten Donovan)

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