To better support the country's real estate development program, several cities have announced the first list of real estate projects eligible for financing, China Construction News reported on Wednesday.
The so-called “white list” allows real estate projects to receive financing support, access to funds and development loans, strengthens the cooperation between real estate companies and financial institutions for loan issuance, and ensures that reasonable financing needs are met. Designed by the authorities with the aim of supporting effectively. , according to the Department of Housing and Urban and Rural Development.
As of Tuesday, regulators in southwestern China's Chongqing city had released a whitelist of 314 real estate projects, with the first round of funding provided by 22 financial institutions totaling 83 billion yuan (116 billions of dollars).
The loan approval list was delivered to 28 major banks in the region, including major banks, joint-stock banks, city commercial banks, and three local incorporated banks.
The local government of southern China's Guangxi Zhuang Autonomous Region, in cooperation with the housing and construction sector, has released a white list covering 107 development projects, one of which has already received a development investment of 330 million yuan from Minsheng Bank of China. are receiving financing.
Chinese authorities are stepping up support for real estate projects.
On January 26, the National Financial Regulatory Authority (NFRA) vowed to accelerate the implementation of the urban real estate financing adjustment mechanism and carry out certain real estate financing projects in accordance with the principles of fairness and justice.
At Tuesday's meeting, NFRA reiterated its commitment to accelerate implementation of cofinancing mechanisms and urge financial institutions to firmly support affordable housing.
Regulators emphasized the need to delegate housing policy to individual cities, implement targeted measures according to local conditions, and encourage cities to take concrete strategies.
According to domestic news agency thepaper.cn, experts said that lending policies have been implemented at the provincial level and the market environment in the real estate sector is expected to improve.
