China to double loans for 'white list' properties by end of 2024

As part of the incremental measures to stabilize the property sector, China will increase its loans for select real estate projects to over 4 trillion yuan (US$561.63 billion) by end of year, doubling the amount through mid-October, Vice Minister of the National Financial Regulatory Administration Xiao Yuanqi announced Thursday. Local authorities are recommending financial institutions to give support to these "white list" projects.

October 18, 2024

New measures set to revive realty sector

China has rolled out new policy measures to rejuvenate the shaky property sector, with expanded funding for troubled property developers and renovation of an additional 1 million homes high on the agenda.

October 18, 2024

China unveils new measures to stabilize housing market

​Chinese officials announced new measures on Thursday to cement signs of stabilization in the property sector, after a bundle of pro-housing policies rolled out last month brought about "positive changes in the market."

October 18, 2024

China to introduce incremental policies to prop up property sector

China will introduce a slew of incremental measures to stabilize the property sector, Ni Hong, minister of housing and urban-rural development, told a press conference on Thursday.

October 17, 2024