Current location:International Impact news portal > business
New focus will bolster housing market
International Impact news portal2024-05-21 16:32:48【business】2People have gathered around
IntroductionPotential homebuyers look at a residential property model in Chongqing. SUN KAIFANG/FOR CHINA DAILYT
Potential homebuyers look at a residential property model in Chongqing. SUN KAIFANG/FOR CHINA DAILY
The Central Financial Work Conference's statement on the property sector, along with the various supportive measures rolled out in recent months, will provide strong support for the housing market and help meet reasonable demand, industry experts said on Wednesday.
Held in Beijing from Monday to Tuesday, the conference made it clear three categories of projects will be prioritized in the development of property finance. They are projects mainly meeting inelastic demand, projects for improved living requirements and government-subsidized projects.
The conference said each city should make good use of its local policy tools to meet inelastic demand as well as demand for improved housing. Government-subsidized housing should be built at an accelerated pace so as to create a new development model for the real estate market, the conference stated.
"This is a continuation of previous policies that provided financial support for reasonable housing demand, and the conference indicated the sector's current condition, suggesting the stress on protecting rational demand won't change," said Li Yujia, chief researcher at the Guangdong Planning Institute's residential policy research center.
According to Li, the conference aimed to highlight both risk prevention and improving livelihoods, to support the proposed new development model for the property market.
A report from the People's Bank of China, the country's central bank, stated on Wednesday that the decline in China's real estate loans appears to have stabilized as of the end of September as it stayed at the level of August.
The outstanding value of China's yuan-denominated real estate loans edged down 0.2 percent year-on-year to 53.19 trillion yuan ($7.26 trillion) by the end of the third quarter this year, PBOC data showed.
"Attaching great importance to property finance, the meeting has sketched the scope and key areas of current real estate finance work, which will offer very effective guidance to local governments and departments to carry out related work," said Yan Yuejin, director of the Shanghai-based E-house China Research and Development Institution.
"For the first time, improving the entity supervision system of real estate enterprises was mentioned in the conference, which called for speeding up the construction of a supervision system of real estate enterprises, as well as strengthening the supervision of real estate enterprises," said Liu Shui, director of research with the China Index Academy.
This, Liu said, indicates the government will speed up the construction of the real estate enterprise supervision system, clarify the scope of supervision of enterprises and make systemically important enterprises key regulatory objects. The focus of regulatory work should include the supervision of pre-sale funds, corporate debt and liquidity, he said.
Address of this article:http://equatorialguinea.fictionsmistress.com/article-8a699956.html
Very good!(966)
Related articles
- Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
- Sarah Jessica Parker reveals she couldn't sit DOWN in structured corset gown at Met Gala 2024
- Trucker acquitted in deadly crash asks for license back, but state says he contributed to accident
- Indianapolis sports columnist won't cover Fever following awkward back
- Student fatally shot, suspect detained at Georgia's Kennesaw State University
- Colleges, universities having trouble hiring, retaining athletic trainers
- Plastic surgeons reveal which Met Gala celebs they think may be using Ozempic
- Pete McCloskey, congressman who once challenged Nixon, dies at 96
- Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
- Democrats commit $7 million to TV ads in five key state Senate races
Popular articles
- French sports minister calls for sanctions after Monaco player tapes over anti
- Airbnb shares slide on lower revenue forecast despite a doubling of net income
- Steve Albini, legendary producer and alternative rock pioneer, dies at 61
- Why Blake Lively and Ryan Reynolds skipped the Met Gala for the SECOND year in a row
Recommended
Lynn Williams breaks NWSL goal
Footage shows Fox Theatre balcony bouncing as excited fans dance at Gunna's Atlanta concert
Shopify's shares tumble on weak outlook after a very strong start to 2024
Lawyers' coalition provides new messengers for Black voter engagement
Medics remove 150 MAGGOTS from a woman's mouth after dental procedure left her with rotting tissue
Supreme Court Justice Neil Gorsuch co
New lawsuit renews challenge to Tennessee laws targeting crossover voting in primary elections
Lawyers' coalition provides new messengers for Black voter engagement
Links
- Tuning in to Beijing's charms
- Chinese film festival kicks off in London
- Asian cinema ready to unite
- England cricket great Derek Underwood dies at age 78
- Conservationists give wings to black
- Asian cinema ready to unite
- Carbon budget management system to be set up at provincial, prefecture levels
- Commemoration ceremonies held to honor fallen heroes in SW China
- Over 1.1M people in Gaza facing food insecurity: UN
- Chinese film festival kicks off in London