China Urges Banks to Provide More Support for Construction of Rental Properties

What’s new: In a renewed push to support the ailing housing market, China’s top financial regulators are encouraging banks to provide stronger financial support to developers and operators of long-term rental housing.

In guidelines released by the central bank and the National Financial Regulatory Administration on Friday, the regulators called for support for the construction, conversion, and operation of long-term rental housing to increase the supply of affordable and commercial rental units.