Mar 05, 2022 04:10 AM

PBOC Boosts Rental Housing Support With City-Specific Policy

(Bloomberg) — China’s central bank will increase financial support for rental housing and tailor its property policies to conditions in different cities as it largely affirmed its stance since last year.

The People’s Bank of China (PBOC) again said it will promote the real-estate sector’s healthy development, according to a Friday statement concluding a Tuesday meeting on financial market regulation and credit policy work in 2022.

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