The National Financial Regulatory Administration will strengthen guidance for financial institutions to allow them to make better use of supportive policies to enhance services for the property sector, thereby stabilizing property credit to properly meet developers' funding needs.
China's property market saw some positive changes last year with declines in property investment and sales volume narrowing, suggesting the industry's long-term development remains on a solid and secure footing
The overall rigid demand for residential housing and the needs of those who wish to improve their housing conditions in China remained sufficient, a spokesperson for the National Bureau of Statistics (NBS) told a press conference on 15th of Nov.
Beijing adjusted polices of housing provident fund loans on 1st of Nov, as part of an effort to loosen restrictions on house purchases.
Chief Executive of the Hong Kong Special Administrative Region John Lee Ka-chiu on 25th of Oct, unveiled his second policy blueprint, highlighting initiatives to promote patriotic education, encourage childbearing, attract talent and relax property curbs for the first time in a decade.