276 cities in China have established real estate financing coordination mechanisms. Commercial banks quickly screened the projects and approved loans exceeding 200 billion yuan (RMB) The financing coordination mechanism is a powerful starting point for building a new model of real estate development and accelerating the linkage of "people, housing, land, money" elements.
All relevant parties must promptly solve problems in progress, protect the legitimate rights and interests of home buyers, effectively support the sales of existing homes, and stabilize market expectations. It is necessary to strengthen the closed-loop management of "issuance-use-repayment" of loans.