Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

My Favorite China's Brands
Policy

China's central bank to maintain continuity in real estate financial policy

January 19, 2022


Abstract : The People's Bank of China (PBOC), the country's central bank, will maintain the continuity, consistency and stability of real estate financial policy, a PBOC official said at a press conference on Tuesday.

BEIJING, Jan. 18 (Xinhua) -- The People's Bank of China (PBOC), the country's central bank, will maintain the continuity, consistency and stability of real estate financial policy, a PBOC official said at a press conference on Tuesday.

The central bank will implement the prudential management of real estate finance, ramp up financial support for rental housing, and adopt city-specific policies to boost the cycle and healthy development of the sector, said Zou Lan, head of the PBOC's financial market department.

Over the past few years, Chinese authorities have underscored the principle that "housing is for living in, not for speculation" with a slew of measures to cool once red-hot home prices and better cater to the reasonable demand of home buyers.

Real estate sales, land purchases and financing, among other areas, have gradually returned to normal, and market expectations have steadily improved, Zou said.

At the end of 2021, outstanding real estate loans nationwide stood at 52.2 trillion yuan (about 8.22 trillion U.S. dollars), up 7.9 percent year on year.

New real estate loans hit 773.4 billion yuan in the fourth quarter last year, 202 billion yuan more than the figure registered in the same period of 2020, according to Zou.

Scan the QR code and push it to your mobile phone

Keyword: real estate financial policy

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial