Xu Maomao, assistant governor and chief risk officer of the Bank of Beijing, said at the company's 2024 semi-annual performance briefing on the 30th that it will strengthen risk management and control in the real estate sector and continue to support investment, but there is room for progress. “The focus is on supporting leading housing enterprises with sound finances, focusing on key regions and projects, and actively supporting rigid and improved housing needs.” He said that at the same time, development loans for commercial housing and mortgages for operating properties are strictly controlled, the national property guarantee policy is strictly implemented in terms of management, the control of the entire process is strengthened, monitoring and investigation in the real estate sector is strengthened, and risk prevention and control is proactive.

Xu Maomao, assistant governor and chief risk officer of the Bank of Beijing, said at the company's 2024 semi-annual performance briefing on the 30th that it will strengthen risk management and control in the real estate sector and continue to support investment, but there is room for progress. “The focus is on supporting leading housing enterprises with sound finances, focusing on key regions and projects, and actively supporting rigid and improved housing needs.” He said that at the same time, development loans for commercial housing and mortgages for operating properties are strictly controlled, the national property guarantee policy is strictly implemented in terms of management, the control of the entire process is strengthened, monitoring and investigation in the real estate sector is strengthened, and risk prevention and control is proactive.