Jan 27, 2024 04:57 AM

FINANCE

Regulators Push Targeted Funding for Eligible Property Projects

By Han Wei and Niu Mujiangqu

00:00

00:00/00:00

Listen to this article 1x

Earlier this month, the MHURD issued a joint notice with the National Financial Regulatory Administration (NFRA) about establishing a coordinated financing mechanism for the property sector

Earlier this month, the MHURD issued a joint notice with the National Financial Regulatory Administration (NFRA) about establishing a coordinated financing mechanism for the property sector

Chinese regulators are promoting targeted financial support to the property sector with the first list of housing projects eligible for funding expected to be revealed by the end of the month.

To address developers’ financing needs, local authorities should speed review of specific property projects, submit a list of eligible projects, and coordinate funding support with financial institutions, the Ministry of Housing and Urban-Rural Development (MHURD) said in a Friday meeting.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: Saudi Power Giant ACWA Bets Big on China’s Renewable Energy Market

5: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently

SPONSORED

OR