PBOC: Will implement management system for real estate financing

The People's Bank of China (PBOC) said on Monday that it will steadily implement a management system for real estate financing, as reported by Reuters.

Additional takeaways

"Will use multiple monetary policy tools in 2022 to keep liquidity reasonably ample."

"Will step up support for real economy."

"Will keep yuan exchange rate basically stable at reasonable and balanced levels."

"Will step up oversight of capital and platform companies."

"Will dispose risks at key institutions in a steady and orderly way."

"Will implement prudential management of the property financing policy in a prudent way."

"Will promote the healthy development of the property market, satisfy reasonable housing demand."

"Will launch financial infrastructure supervision measures, steadily promote opening up bond market."

"Will keep growth in money supply and social financing in line with nominal GDP growth."