ZHENGZHOU, April 14 (Xinhua) -- Active financing support should be extended to compliant real estate projects to ensure that homes are delivered on time to buyers to protect their legitimate rights and interests, Chinese Vice Premier He Lifeng has said.
During an inspection tour on Saturday and Sunday to understand the real estate market in Zhengzhou, the capital city of central China's Henan Province, He, also a member of the Political Bureau of the Communist Party of China Central Committee, said the delivery of good-quality homes on time will help stabilize expectations and promote the steady and healthy development of the real estate market.
He said that a "white list" mechanism for real estate projects should be optimized so that compliant projects on the list can access funding at ease.
"For projects included in the white list, financial institutions should optimize the loan approval and disbursement process, speed up lending, and support the completion of projects," he said.
He said that great changes have taken place in the supply and demand relationship in China's real estate market, stressing the needs to speed up nurturing a new model for the sector's development, particularly the construction of affordable housing, the renewal of urban villages, and the development of dual-use public infrastructure.
(Editor:Fu Bo)
Ford recalls over 456,000 Bronco Sport and Maverick cars
Should you put 'magic' mushrooms in your coffee?
Succession's Brian Cox stars in an American stage epic... but at three
David de Gea jokingly asks 'who' as he responds to former Man United team
Milan's famous La Scala names new director of the opera house after months of controversy
Labour concedes it could have done more to deal with disruptive state housing tenants
Dog severely burned and abandoned by owner in San Bernardino
A Simple Favor 2 star Henry Golding dishes on hotly
Tennessee judge wants more information on copyright before ruling on school shooter's writings
James, Earl of Wessex, 16, stands shoulder