Jul 12, 2023 05:48 PM
OPINION
Opinion: Will the ‘Fourth Arrow’ Save Chinese Real Estate?
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People visit a sales office for residential properties in Beijing on June 24. Photo: VCG
A long-awaited real estate market stabilization policy was unveiled in China this week.
On Monday evening, the People’s Bank of China (PBOC), in conjunction with the National Administration of Financial Regulation, issued a notice extending the term of policies supporting the healthy development of the real estate market. The policy, which was about to expire, has been extended to Dec. 31, 2024.
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