The People’s Bank of China (PBOC) has called for heightened prudential regulation of real estate financing.
The Chinese central bank’s financial market work conference held in Beijing from 25 – 26 February mandated “strengthened prudential regulation of real estate financing and the implementation of long-term effective mechanisms for the stable and healthy growth of the real estate market.”
Wang Zhaoxing (王兆星), vice-chair of the China Banking and Insurance Regulatory Commission (CBIRC), has also called for a continued focus on real estate financial risk, the implementation of prudential risk regulation benchmarks, the prudential provision of development loans and personal mortgages, and expediting the stable and healthy growth of real estate finance and the real estate market in China.
