HONG KONG (Reuters) – China will implement a prudent monetary policy that is precise and forceful, keeping liquidity reasonably ample, the country’s central bank said on Wednesday.
The central bank will also guide financial institutions to help mitigate risks surrounding China’s leading property developers, it said in a statement.
Beijing has stepped up support in recent weeks to increase liquidity in the real estate sector, which accounts for a quarter of the world’s second-largest economy and has been a key driver of growth.
(Reporting by Meg Shen and Twinnie Siu, Editing by Louise Heavens)
