The implementation of the urban real estate financing coordination mechanism is “fast” and “stable”

Breakings ·  Feb 20 03:24
According to the Shanghai Securities Report, recently, Sichuan, Henan, Shaanxi and other places have successively established coordination mechanisms for urban real estate financing; six major banks, including Industrial and Commercial Bank, Agricultural Bank, Bank of China, China Construction Bank, Bank of Communications, and Postbank, spoke out during the Spring Festival holiday, saying that they have connected housing enterprises to invest in loans to support the reasonable financing needs of “white list” real estate projects. Industry insiders told reporters that over the past month, along with the gradual implementation of financing support from many banks for real estate projects, the liquidity of real estate companies has improved; all parties will continue to step up policy implementation and work promotion efforts, enhance the sustainability of financing support for subsequent projects, and promote a virtuous cycle of finance and real estate.

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