PBoC promises a “healthy” real estate market

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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.

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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.

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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.”


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