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He Lifeng: CN Housing Mkt Barometer of Current Macro Econ; Full-fledged Efforts Needed in Home Delivery Guarantee, Mkt Stabilization
He Lifeng, Vice Premier of the State Council of China, viewed that the real estate market serves as a barometer of the current macro economy, and refining the work in real estate i...
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He Lifeng: CN Housing Mkt Barometer of Current Macro Econ; Full-fledged Efforts Needed in Home Delivery Guarantee, Mkt Stabilization
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He Lifeng, Vice Premier of the State Council of China, viewed that the real estate market serves as a barometer of the current macro economy, and refining the work in real estate is crucial to promoting the sustained recovery of the economy and safeguarding the vital interests of the people. The authority must do its utmost to ensure the delivery of housing and stabilize the housing market, opined He. China must also give full play to the role of the urban real estate financing coordination mechanism, accelerate the repair of problematic projects, and foster the prompt compliance with the “white list” standards.

Financial institutions must further optimize credit approval and lending processes to improve efficiency and ensure that they do everything possible to ensure that projects on the “white list” under home delivery guarantee are progressing and loans are granted. On this basis, the expansion of the “white list” should be further promoted to include all eligible commercial housing projects under construction that have been sold, effectively guarantee the funding needs of project construction, and urge real estate companies to ensure that the housing is delivered on time and with guaranteed quality.

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