As of the end of January, 170 cities in 26 provinces in China have established urban real estate financing coordination mechanisms. Commercial banks have issued loans totaling 17.86 billion yuan to 83 projects in 27 cities.
Real estate projects that enter the "white list" will receive financial support more accurately, thereby better achieving "guaranteed delivery of the property" The main purpose is to ensure the delivery of buildings and protect people's livelihoods, rather than provide insurance support for companies, analysts say.