China News Service, Beijing, November 2 (Reporter Xia Bin) "With the continuous advancement of China's urbanization process, we believe that the real estate market will maintain a stable and healthy development." The Hong Kong Monetary Authority said at the "International Financial Leaders Investment Summit" that recently, there has been a marginal improvement in real estate sales and loan issuance.
Yi Gang said that the real estate industry is related to many upstream and downstream industries.
The regional characteristics of the real estate market are obvious and very different, and each city government plays an important role in stabilizing the local real estate market.
The central bank actively supports the healthy development of the real estate industry, reduces the personal housing loan interest rate and the down payment ratio, and encourages banks to support the construction and delivery of sold housing through special loans for “guaranteed delivery of buildings” to support rigid and improved housing needs.
Talking about China's economic growth potential, Yi Gang believes that the potential growth rate of China's economy will remain within a reasonable range.
China has a super-large market, the urbanization rate still has room for improvement, and the consumption demand of the middle-income class is growing steadily.
China has the world's largest team of engineers and technicians, and has built a comprehensive modern industrial system and high-quality infrastructure network.
The vigorous development of China's technological innovation and the deepening of supply-side structural reforms will continue to enhance the momentum of economic growth.
Regarding the trend of the RMB exchange rate, Yi Gang said that since the beginning of this year, thanks to the long-term positive fundamentals of the Chinese economy and our insistence on implementing a normalized monetary policy in recent years, the RMB has been relatively stable against a basket of currencies and has depreciated against the US dollar. Appreciated against other major currencies.
In the future, we will insist on the decisive role of the market in the formation of exchange rates.
The RMB exchange rate will continue to remain basically stable at a reasonable and balanced level, and the value and purchasing power of the RMB will remain stable.
(Finish)