China News Service, Beijing, January 26 (Wang Mengyao) China previously announced the establishment of an urban real estate financing coordination mechanism. On the 26th, China’s Ministry of Housing and Urban-Rural Development reported that before the end of this month, the first batch of projects on the whitelist may be implemented and obtain loans.
On the same day, the Ministry of Housing and Urban-Rural Development held a deployment meeting for the urban real estate financing coordination mechanism in Beijing. The meeting pointed out that establishing an urban real estate financing coordination mechanism is a major measure to meet the reasonable financing needs of real estate enterprises of different ownerships without discrimination and to promote a virtuous cycle of finance and real estate. The people's governments of cities at the prefecture level and above must effectively play a leading and coordinating role, quickly establish and operate this important mechanism, timely analyze and judge the local real estate market situation and real estate financing needs, strengthen overall planning, refine policies and measures, and establish government-bank-enterprise communication. The platform promotes accurate docking between real estate companies and financial institutions, and coordinates and solves the difficulties and problems existing in real estate financing.
The meeting emphasized that the orderly development and construction of projects is the basis for the stable and healthy operation of the real estate market and is related to the vital interests of the people. In view of the current financing difficulties of some real estate projects, all localities must take projects as the target, promptly study and propose a list of real estate projects that can provide financing support, coordinate the issuance of loans by financial institutions within their respective administrative regions, and accurately and effectively support reasonable financing needs. The Ministry of Housing and Urban-Rural Development has made great efforts to implement the mechanism. It is understood that before the end of this month, the first batch of whitelisted projects may be implemented and obtain loans.
The meeting pointed out that we must adhere to city-specific policies, precise policies, and one policy for one city, make good use of the policy toolbox, and fully empower cities with autonomy in real estate regulation, so that cities can adjust real estate policies according to local conditions. It is necessary to start with the preparation of housing development plans, improve the "guarantee + market" housing supply system, establish a new mechanism for linkage of people, housing, land and money elements, improve the basic system of the whole life cycle of housing, implement affordable housing construction, affordable housing We will build emergency dual-use public infrastructure and transform urban villages to build green, low-carbon, smart, safe and good houses. It is necessary to vigorously rectify the order of the real estate market, correct chaos in real estate development, transactions, intermediaries, property and other aspects, expose typical cases of violations of laws and regulations, and effectively safeguard the legitimate rights and interests of the people. (over)