The People's Bank of China has released its Q2 2024 report on the execution of monetary policy. The report proposes to fully understand the new changes in the supply-demand relationship of the real estate market, respond to the new expectations of the people for quality housing, focus on promoting the effectiveness of financial policy measures that have been introduced, and promote the stable and healthy development of the real estate market. It guides financial institutions to strengthen financial security, increase the construction and supply of affordable housing, meet the rigid housing needs of salaried workers, support diversified improvement of housing needs for urban and rural residents, increase financial support for housing rental, and promote the acceleration of the establishment of a housing system that combines renting and purchasing, and accelerate the construction of a new model for real estate development.
央行：加大保障性住房建设和供给，推动加快建立租购并举的住房制度
Central Bank: Increase protection housing construction and supply, promote the establishment of a rental and purchase housing system.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.