Reported 7 months ago
In an effort to stabilize the housing market, the Chinese government continues to implement various policies. The People's Bank of China (PBOC) recently held a meeting on June 12th, focusing on expanding the pilot experience of rental housing loans and promoting the refinancing of affordable housing to accelerate the destocking of existing housing inventory. The meeting stressed the importance of implementing the refinancing policy for affordable housing and facilitating the purchase of existing housing by local state-owned enterprises at reasonable prices, aiming to optimize the housing market and supply affordable housing efficiently.
Source: YAHOO