Chinese Central Bank Commits to Ongoing Suppression of Real Estate Speculation in 2022

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The People’s Bank of China (PBOC) has highlighted cracking down on property speculation as one of its key work themes for the upcoming year.

PBOC’s party committee said that next year it would continue to “uphold the position that houses are for occupation and not speculation; steadily and effectively implement the real estate finance prudential administrative system and accelerate improvements to the residential home leasing financial policy system.”

The PBOC party committee made the remarks on 14 December at a meeting on China’s Central Economic Work Meeting.

PBOC also said that it would “deepen supply-side structural reforms in finance; deepen reforms of rural credit societies and the bond market, continue to drive international financial cooperation, and drive the orderly expansion of opening of the financial sector.”