As of February 20, 214 cities in 29 provinces across the country have established a real estate financing coordination mechanism. The mechanism screens projects based on conditions and pushes them to commercial banks.
123.6 billion yuan of loans have been approved for "white list" projects, and loans are being issued one after another according to the needs of the project construction progress. For projects that are not allowed to lend, they will report the "reasons for not being able to lend" to the financial supervision department, and the city government will coordinate and resolve them.