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)
CSX profit drops 10% despite railroad delivering 3% more freight in first quarter
Helping Ewenki People Escape Poverty by Developing Tourism
ACWF Leaders Inspect Novel Coronavirus Control Efforts at CWU
ACWF President Calls on Teachers to Pass on China's COVID
No, immigrants did not storm New York City Hall in pursuit of luxury hotel rooms
Spreading Traditional Chinese Culture
Suspects arrested in Arkansas block party shooting that left 1 dead, 9 hurt
ACWF Encourages Women Entrepreneurs to Contribute to COVID
Swedish Parliament votes to make it easier for people to legally change their gender
ACWF Leaders Inspect Novel Coronavirus Control Efforts at CWU