China central bank to step up policy implementation, promote healthy property market

China central bank to step up policy implementation, promote healthy property market

Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing September 28, 2018. — Reuters pic

Wednesday, 16 Nov 2022 10:09 PM MYT

HONG KONG, Nov 16 — China’s central bank said today it will step up the implementation of its prudent monetary policy and keep liquidity reasonably ample.

The People’s Bank of China said it will maintain reasonable growth in money supply and social financing, also attach great importance to the potential possibility of future inflation, in its quarterly policy implementation report.

It will also guide commercial banks to provide financial support to promote stable and healthy development of the real estate market, it added. — Reuters