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)
Amazon removed Just Walk Out from many of its own stores but wants to sell the system to others
Israel to open three humanitarian routes into Gaza
Media Minister had 'more than enough time' to find solutions
Finnish police say bullying was motive for school shooting
CSX profit drops 10% despite railroad delivering 3% more freight in first quarter
Truth Social: Trump's DJT stock plummets days after going public
Govt opening door for more foreigner buyers to buy farm land
Four killed, several injured as race car hits spectators at Hungary rally
Plane passenger lifts the lid on WILD conspiracy theories surrounding Denver airport
Hong Kong arts charity cancels deaf dance group performance
Does China import zero soybeans from Paraguay? — Radio Free Asia
Truth Social: Trump's DJT stock plummets days after going public