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<CN Home>Xiao Yuanqi: CN Homebuilders' Loan Amt for 'White-listed' Projects Reaches RMB5.6T
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The real estate financing coordination mchanism was formally established in early 2024 in order to support the reasonable financing needs of real estate projects more precisely, according to Chinese media. The real estate financing coordination mechanism has so far supported the construction and delivery of 14 million units, Xiao Yuanqi, Deputy Director General of the National Administration of Financial Regulation of China (NAFR), said. The “white list” mechanism provided sufficient and stable financial security for the completion and delivery of real estate projects. As at the end of 2024, the amount of commercial banks' loans for “white-listed” real estate projects amounted to RMB5.03 trillion, surpassing the original target of RMB4 trillion, pursuant to data. As of 22 January 2025, the loan amount increased by RMB570 billion. Currently, the loan amount of “white-listed” real estate projects has reached RMB5.6 trillion. AAStocks Financial News |
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