Ni Hong, Minister of the Ministry of Housing and Urban-Rural Development of China, emphasized in Beijing on the 9th that for real estate companies that are seriously insolvent and have lost their operating capabilities, they must follow the principles of legalization and marketization. Ni Hong said at the people's livelihood themed press conference of the second session of the 14th National People's Congress that the Ministry will focus on stabilizing the market, preventing risks, and promoting transformation.
As of the end of February, commercial banks had approved loans exceeding 200 billion yuan.