The People’s Bank of China (PBoC) will seek to safeguard the healthy development of the real estate market and protect the legal rights of home buyersBloomberg reports in a key noteworthy report from the central bank’s quarterly meeting on Friday.
“Intensify efforts to coordinate monetary, fiscal and industrial policies and regulations to support the economy with finances and prevent risks. “
“Commits to reducing real rates of the loans. “
On Monday, Reuters reported that the Shenzhen government is investigating an Evergrande unit.
According to a letter from the city’s financial regulator to investors, “Relevant departments of the Shenzhen government have gathered public opinions on Evergrande Wealth and are launching a comprehensive investigation on matters related to the company.”