China News Service, March 9 (Xinhua) Ni Hong, Minister of the Ministry of Housing and Urban-Rural Development, said on the 9th that the current difficulty in real estate is funding.
We have seen in our research that good companies have difficult projects, and difficult companies also have good projects.
To this end, we have worked with the State Administration of Financial Supervision to guide local governments to establish an urban real estate financing coordination mechanism, propose a "white list" of projects in accordance with "one project, one plan", and support the reasonable financing needs of real estate companies without discrimination.
Currently, 312 cities in 31 provinces across the country have established this mechanism, and more than 6,000 “whitelist” projects have been reported.
Among these projects, 82.8% are projects of private enterprises and mixed-ownership enterprises.
As of the end of February, commercial banks had approved loans exceeding 200 billion yuan.
Ni Hong pointed out that what needs to be emphasized here is that for real estate companies that are seriously insolvent and have lost their operating capabilities, they must go bankrupt and reorganize in accordance with the principles of the rule of law and marketization.
Those who commit acts that harm the interests of the masses will be resolutely investigated and punished in accordance with the law, and they will be made to pay the due price.
The second session of the 14th National People's Congress held a press conference at 3 pm on March 9 in the Media Center Press Conference Hall.
Photo by China News Service reporter Jiang Qiming
The Second Session of the 14th National People's Congress held a press conference on March 9, inviting Minister of Education Huai Jinpeng, Minister of Human Resources and Social Security Wang Xiaoping, Minister of Housing and Urban-Rural Development Ni Hong, and Director of the National Administration of Disease Control and Prevention Wang Hesheng to discuss the matter. Answer questions from Chinese and foreign reporters on education, employment and social security, housing, medical disease control and other related issues.