China Evergrande Update: PBOC vows ‘healthy’ property market

The People’s Bank of China (PBOC) will try is best to safeguard the healthy development of the real estate market and protect home buyers’ lawful rights, Bloomberg reports key highlights from the central bank’s quarterly meeting held on Friday.

Additional takeaways

“Will step up efforts to coordinate monetary, fiscal, industrial policies and regulations to support the economy with finance and prevent risks. “

“Pledge to drive real lending rates lower. “ 

more to come ...