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PBOC Beefs up Financial Support for Housing Supply System under 'Mkt+Security'
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The regular meeting of the Monetary Policy Committee of the People's Bank of China (PBOC) for 3Q24 was held in Beijing a few days ago. The meeting pointed out that China should adhere to and implement the “two determinations”, continue to provide financial services that support the development and growth of the private economy, and further remove obstacles and blockages to the financing of small, medium and micro enterprises. The authorities should fully understand the new changes in the supply and demand relationship in the real estate market, respond to people's new expectations for quality housing, focus on promoting the implementation of the financial policy measures that have been introduced, support the revitalization of idle land in stock, lower the interest rate on existing mortgages, and promote the stable and healthy development of the real estate market. At the same time, financial support for the “market + security” housing supply system should be beefed up to promote the accelerated construction of a new model for real estate development. Financial policies and measures to promote the healthy development of the platform economy should be enforced. Efforts should be made to promote a high level of two-way financial openness and improve economic and financial management capabilities and risk prevention and control capabilities under open conditions. AAStocks Financial News |
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