The People's Bank of China (PBOC) said on Monday that they will use multiple monetary policy tools in 2022 to keep liquidity reasonably ample. It also promised to implement a management system for real estate financing steadily and to step up support for the real economy. "We will dispose of risks at key institutions in a steady and orderly way", the regulator added.
The Chinese central bank also pledged to keep the yuan exchange rate basically stable at reasonable and balanced levels, to implement prudential management of the property financing policy in a prudent way, and to promote the healthy development of the property market, satisfy reasonable housing demand.
In addition, the PBoC said it will launch financial infrastructure supervision measures, steadily promoting opening up the bond market.
Also, the Bank promised to keep growth in money supply and social financing in line with nominal GDP growth.