China's credit policy will be improved to address regional differences in the property market – PBOC’s Pan

Pan Gongsheng, deputy governor of the People's Bank of China (PBOC), crossed the wires last minutes via China Securities Journal, commenting on China’s credit policy.

Key Quotes:

The overall aim of China's credit policy is to suit measures to local conditions against a backdrop of overall excessive supply although there are differences in regional property market conditions

For the next step, the central bank will improve its policy to address these regional differences in the property market