Policies unveiled to inject new momentum

Financial policies supporting stable and healthy development of real estate market

On July 10, China announced to extend two financial policies supporting the stable and healthy development of the real estate market to the end of 2024, involving a 16-step guideline rolled out last November.

The notice said the extended financial policies focus on two areas: supporting the reasonable deferral of property development loans and credit loans, and encouraging financial institutions to provide policy support for special loans that ensure the delivery of housing projects.