Financial Services Association, May 17. This afternoon, the Information Office of the State Council held a regular briefing on the State Council's policies. Officials from the Ministry of Housing, Urban-Rural Development, the Ministry of Natural Resources, the People's Bank of China, and the State Administration of Financial Supervision and Administration were invited to introduce the situation relating to the effective implementation of supporting policies for housing delivery and answer questions from reporters.

The central bank will set up 300 billion reloans for affordable housing

Tao Ling, deputy governor of the People's Bank of China, said that the central bank will set up 300 billion reloans for affordable housing to encourage and guide financial institutions to support local state-owned enterprises to acquire unsold commercial housing at reasonable prices and use it as allotted or leased affordable housing in accordance with the principles of marketization and rule of law.

Tung Jianguo: Using the role of a real estate financing coordination mechanism, the city government should make progress in promoting projects that meet the “white list” conditions

Vice Minister of Housing and Urban-Rural Development Dong Jianguo said that the role of the real estate financing coordination mechanism should be further exploited to meet the reasonable financing needs of real estate projects, the city government should make every effort to promote projects that meet the “white list” conditions, and that commercial banks should make full use of loans for projects that comply with the “white list” to meet the reasonable financing needs of projects under construction.