Since this year, a number of financial policies and measures have continued to be introduced. While supporting the steady and healthy development of the real estate market, they have also reduced the cost of housing purchases for residents. In order to facilitate the completion and delivery of projects and protect the legitimate rights and interests of buyers, the General Administration of Financial Supervision, together with the Ministry of Housing, Urban-Rural Development, has established a coordination mechanism for urban real estate financing. With cities as the main body and projects as the center, we accurately support the financing of real estate projects. As of September, banks had approved more than 5,700 “white list” projects promoted by the Urban Real Estate Financing Coordination Mechanism, and approved financing amounts of 1.43 trillion yuan, supporting the timely delivery of more than 4 million housing units.

Since this year, a number of financial policies and measures have continued to be introduced. While supporting the steady and healthy development of the real estate market, they have also reduced the cost of housing purchases for residents. In order to facilitate the completion and delivery of projects and protect the legitimate rights and interests of buyers, the General Administration of Financial Supervision, together with the Ministry of Housing, Urban-Rural Development, has established a coordination mechanism for urban real estate financing. With cities as the main body and projects as the center, we accurately support the financing of real estate projects. As of September, banks had approved more than 5,700 “white list” projects promoted by the Urban Real Estate Financing Coordination Mechanism, and approved financing amounts of 1.43 trillion yuan, supporting the timely delivery of more than 4 million housing units.