Central Bank: Will Establish 300 Billion Yuan of Guarantee Housing Re Loan
2024-05-18
People's Daily, May 17, 2024 18:51 Beijing
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On the 17th, at the State Council Policy Regular Briefing held by the State Council Information Office, the People's Bank of China announced that it will establish a 300 billion yuan re loan for affordable housing, encourage and guide financial institutions to follow the principles of marketization and rule of law, and support local state-owned enterprises to purchase completed but unsold commercial housing at a reasonable price for use as allocated or leased affordable housing, which is expected to drive bank loans of 500 billion yuan.
Editor in Chief | Zhai Qiaohong Editor | Expert Wei
Source | People's Bank of China ID: zgrenminyinhang
央行：将设立3000亿元保障性住房再贷款
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