The People's Bank of China and the China General Administration of Financial Supervision and Administration issued a notice on “Opinions on Reforming and Improving Real Estate Credit Management and Promoting the Accelerated Construction of a New Model for Real Estate Development”. Among them, it is pointed out that banking financial institutions should use project land and projects under construction as collateral to issue real estate development loans, and may use shareholder guarantees, equity pledges, etc. to increase credit according to the circumstances. Banking financial institutions shall distribute real estate development loans in installments according to project construction progress and risk conditions, and entrust payment to the project company's transaction target account through a fund account established with the host bank. Affordable housing development loans refer to loans issued by banking financial institutions specifically to support the development and construction of allotted affordable housing projects that meet the requirements. In accordance with the principle of capital protection and marginal profit, the lender shall reasonably determine the loan interest rate and repayment method on the basis of a comprehensive estimate of the comprehensive benefits and risks of the project, taking into account the circumstances of the project construction and operation cycle, repayment sources, capital costs, etc. Loan interest rates should generally be lower than the interest rate level for commercial housing development loans. Housing rental development and construction loans refer to loans issued by banking financial institutions to various entities such as real estate development enterprises, industrial parks, rural collective economic organizations, enterprises and institutions that build new or remodeled long-term rental housing in accordance with the law for the construction of rental housing. The loan period for housing rental development and construction is generally 3 years, and the maximum period is no more than 5 years.

The People's Bank of China and the China General Administration of Financial Supervision and Administration issued a notice on “Opinions on Reforming and Improving Real Estate Credit Management and Promoting the Accelerated Construction of a New Model for Real Estate Development”. Among them, it is pointed out that banking financial institutions should use project land and projects under construction as collateral to issue real estate development loans, and may use shareholder guarantees, equity pledges, etc. to increase credit according to the circumstances. Banking financial institutions shall distribute real estate development loans in installments according to project construction progress and risk conditions, and entrust payment to the project company's transaction target account through a fund account established with the host bank. Affordable housing development loans refer to loans issued by banking financial institutions specifically to support the development and construction of allotted affordable housing projects that meet the requirements. In accordance with the principle of capital protection and marginal profit, the lender shall reasonably determine the loan interest rate and repayment method on the basis of a comprehensive estimate of the comprehensive benefits and risks of the project, taking into account the circumstances of the project construction and operation cycle, repayment sources, capital costs, etc. Loan interest rates should generally be lower than the interest rate level for commercial housing development loans. Housing rental development and construction loans refer to loans issued by banking financial institutions to various entities such as real estate development enterprises, industrial parks, rural collective economic organizations, enterprises and institutions that build new or remodeled long-term rental housing in accordance with the law for the construction of rental housing. The loan period for housing rental development and construction is generally 3 years, and the maximum period is no more than 5 years.