Reported 7 months ago
Ruan Qinghua, Deputy Minister of Finance, reaffirmed that the new youth housing policy is aimed at helping young people buy their first homes. Despite concerns about market manipulation, Ruan stated that the policy is beneficial and that the government is actively monitoring and addressing any misuse issues to ensure its effectiveness. Official statistics show that the policy accounts for a low percentage of overall housing credit balances, minimizing its impact on the real estate market.
Source: YAHOO