China's housing rental industry crucial to future real estate market: PBOC

The central bank has beefed up financial support for government-subsidised housing by establishing a re-lending facility for such projects, according to the PBOC. – Reuters

BEIJING: The housing rental industry in China, anticipated to experience strong demand and stable supply, is identified as a "crucial direction" for the future development model of the country's real estate market, according to a statement by the People's Bank of China (PBOC) on Saturday (Aug 10), reported Xinhua.

Given the profound changes in the supply and demand dynamics of the real estate market, the scale of existing housing in China is already very large, the central bank noted in a report on monetary policy implementation.