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

FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang

HONG KONG (Reuters) – China’s central bank said on Wednesday 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.

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