China Establishes Real Estate Financing Coordination Mechanism

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China Establishes Real Estate Financing Coordination Mechanism

A real estate project is under construction in Yantai, Shandong Province, China, on April 4, 2024. The Ministry of Housing and Urban-Rural Development reported on April 3, 2024, that all provinces in China have now established provincial real estate financing coordination mechanisms. Additionally, all cities at the prefecture level and above, excluding municipalities directly under the central government, have set up urban real estate financing coordination mechanisms. They have also introduced a ''white list'' of real estate projects eligible for financing support, which is being provided to commercial banks in batches. (Photo by Costfoto/NurPhoto)


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