Dec 31, 2021 08:20 PM

PBOC Urges Financial Institutions to Fund Property Sector Asset Buyouts

Zou Lan. Photo: VCG
Zou Lan. Photo: VCG

China’s central bank is encouraging financial institutions to fund mergers and acquisitions in the property industry in the hope of defusing risks, said an official, citing a recently issued regulatory notice.

Promoting adjustment in the real estate market through mergers and acquisitions (M&A) would help trim the assets and liabilities of highly indebted firms while protecting the interests of homebuyers, Zou Lan, head of the financial market department at the People’s Bank of China (PBOC), said at a Thursday briefing (link in Chinese).

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