State Administration of Financial Supervision- Include all commercial housing project loans in the “white list”
On October 17, the State Council Information Office held a press conference to discuss measures for promoting the steady and healthy development of the real estate market. During the event, Xiao Yuanqi, the Deputy Director of the Financial Regulatory Bureau, shared insights on the progress made since the beginning of this year.
He noted that the Financial Regulatory Bureau, in collaboration with housing departments, has established a coordinated financing mechanism for urban real estate. This initiative includes creating a “white list” of compliant real estate projects, which aims to encourage financial institutions to increase their support for financing these projects.
Xiao emphasized the importance of including all commercial housing projects in the “white list,” stating, “We should ensure that all eligible projects are included.”
As of October 16, Xiao revealed that the total approved loans for “white list” real estate projects have reached 2.23 trillion yuan. He projected that by the end of 2024, the amount approved for these projects could double, surpassing 4 trillion yuan. To ensure successful financing for real estate projects and guarantee the completion and delivery of homes, the Financial Regulatory Bureau plans to further optimize and refine the financing mechanism for “white list” projects. This includes making sure that eligible projects are included, that approved loans are fully disbursed, and that funds are allocated as early as possible.
