Current location:Worldly Window news portal > entertainment
New focus will bolster housing market
Worldly Window news portal2024-05-08 05:28:01【entertainment】9People 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://www.camilleandconfettis.com/content-0b899942.html
Very good!(1912)
Related articles
- José Raúl Mulino: Panama’s new president
- Health issues nag Sixers, Clippers and Bucks as they try to erase 2
- Mathew Barzal scores in 2nd OT as Islanders beat Hurricanes 3
- Charlize Theron cuts a casual figure in a T
- Zendaya goes braless in plunging dress for THIRD Met Gala outfit as she speaks onstage with co
- Harvey Weinstein hospitalized after return to New York City jails
- Dodgers extend winning streak to 6 as Tyler Glasnow gets first career victory against Blue Jays
- Steven Stamkos scores twice, Lightning avoid elimination with 6
- Rachel Reeves hints Labour's 'anti
- Australians Grace Kim and Hannah Green tied for lead in LPGA Tour’s JM Eagle LA Championship
Popular articles
Recommended
Michelle Yeoh shines in VERY quirky tin foil
Chiefs address biggest concerns in NFL draft with selections of wide receiver and offensive tackle
Jets draft Qwan'tez Stiggers, CFL's top rookie who didn't play in college
Assailants ambush and kill 3 police officers in southern Chile, shaking the country
Ben Affleck did NOT get plastic surgery ahead of Tom Brady's Netflix roast
Yellowstone star Ian Bohen says show will have 'best series finale in history'
Nadal gets even with De Minaur at Madrid Open. Top seeds Sinner and Swiatek advance
Britney Spears CRACKS windshield of Mercedes G
Links
- Number of migrant birds increases in Ulungur Lake National Wetland Park
- African lion cubs survive extreme environment of Qinghai
- A look at historical water town Wuzhen
- Autumn scenery of park along Changhe River in Hebei
- Xinhua Headlines: Xi, Lula Map out Future China
- Xi in My Eyes
- Sunrise scene in east China's Jiangsu
- Cherry blossom park in Wuhan opens to public
- China strives to build stronger rural tourism
- International contemporary art fair held in Ankara