Chinese vice premier stresses timely delivery of homes to buyers
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)
Related articles
- WikiLeaks founder Julian Assange's five-year battle against extradition to the US for espionage char2024-05-22
Judge denies request for Bob Baffert
LOUISVILLE, Ky. (AP) — A judge has denied a request by the owner of Bob Baffert-trained Arkansas Der2024-05-22AP Week in Pictures: North America
April 12 - 18, 2024Girl Scouts watch a pinewood derby car race in Georgia, a pro-Palestinian demonst2024-05-22Seattle Storm become 2nd WNBA team to open their own practice facility
SEATTLE (AP) — Alisha Valavanis walked around as the new performance center for the Seattle Storm wa2024-05-22- Kid Rock wielded a gun, hurled racial slurs, and instigated a physical altercation with a reporter,2024-05-22
Ally Financial, CSX rise; Equifax, Synovus Financial fall, Thursday, 4/18/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday:CSX Corp., u2024-05-22
atest comment