Steady credit expansion objective for real estate industry, platform economy

China is expected to ramp up financial support to promote steady development of the real estate sector and the platform economy in the coming months as part of efforts to prop up credit expansion, experts said on Tuesday.

At a meeting on Monday chaired by Yi Gang, governor of the People's Bank of China, large State-owned banks were asked to take the lead in maintaining stable loan growth to solidify the country's economic recovery, the central bank said in a statement after the meeting.

Lenders should guarantee that reasonable financing demand in the property sector is satisfied and beef up financial support for key areas of the platform economy in accordance with laws and regulations, it said.