Current location:Planet Patch news portal > world
New focus will bolster housing market
Planet Patch news portal2024-05-22 06:40:03【world】1People have gathered around
IntroductionPotential homebuyers look at a residential property model in Chongqing. SUN KAIFANG/FOR CHINA DAILYT
Potential homebuyers look at a residential property model in Chongqing. SUN KAIFANG/FOR CHINA DAILY
The Central Financial Work Conference's statement on the property sector, along with the various supportive measures rolled out in recent months, will provide strong support for the housing market and help meet reasonable demand, industry experts said on Wednesday.
Held in Beijing from Monday to Tuesday, the conference made it clear three categories of projects will be prioritized in the development of property finance. They are projects mainly meeting inelastic demand, projects for improved living requirements and government-subsidized projects.
The conference said each city should make good use of its local policy tools to meet inelastic demand as well as demand for improved housing. Government-subsidized housing should be built at an accelerated pace so as to create a new development model for the real estate market, the conference stated.
"This is a continuation of previous policies that provided financial support for reasonable housing demand, and the conference indicated the sector's current condition, suggesting the stress on protecting rational demand won't change," said Li Yujia, chief researcher at the Guangdong Planning Institute's residential policy research center.
According to Li, the conference aimed to highlight both risk prevention and improving livelihoods, to support the proposed new development model for the property market.
A report from the People's Bank of China, the country's central bank, stated on Wednesday that the decline in China's real estate loans appears to have stabilized as of the end of September as it stayed at the level of August.
The outstanding value of China's yuan-denominated real estate loans edged down 0.2 percent year-on-year to 53.19 trillion yuan ($7.26 trillion) by the end of the third quarter this year, PBOC data showed.
"Attaching great importance to property finance, the meeting has sketched the scope and key areas of current real estate finance work, which will offer very effective guidance to local governments and departments to carry out related work," said Yan Yuejin, director of the Shanghai-based E-house China Research and Development Institution.
"For the first time, improving the entity supervision system of real estate enterprises was mentioned in the conference, which called for speeding up the construction of a supervision system of real estate enterprises, as well as strengthening the supervision of real estate enterprises," said Liu Shui, director of research with the China Index Academy.
This, Liu said, indicates the government will speed up the construction of the real estate enterprise supervision system, clarify the scope of supervision of enterprises and make systemically important enterprises key regulatory objects. The focus of regulatory work should include the supervision of pre-sale funds, corporate debt and liquidity, he said.
Address of this article:http://guatemala.3elevenboutique.com/news-12d499908.html
Very good!(555)
Related articles
- Bell's RBI single in 10th lifts Marlins to 3
- China reaps fruits far beyond ice
- Tsitsipas advances in Monte
- Biden administration announces new partnership with 50 countries to stifle future pandemics
- Hometown of Laura Ingalls Wilder set for a growth spurt
- Oklahoma family whose pet octopus laid FIFTY eggs reveals how they're looking after the consortium
- China storms to quarters, thrilling matchups await
- Maui Fire Department to release after
- Police raid the headquarters of the Milan
- Messi sustains leg injury in Inter Miami win
Popular articles
Recommended
Wayne Bennett, at 74, signs a 3
Tsinghua art and science symposium explores future trends, presents awards
The world's BUSIEST airports revealed: Inside the 10 most packed aviation centers across the globe
Zhang makes history to reach 2nd round at Monte Carlo
France hits go
Liaoning lead title contenders into CBA playoffs
Game on for tourism bureaus across China after Harbin travel frenzy
North China's Inner Mongolia launches ancient books database platform
Links
- Fears Shortland Street axing by TVNZ would silence a 'unique voice'
- Hong Kong bids farewell to independent bookstore Mount Zero
- Department of Conservation set to lose scientific expertise in job cuts
- China: Beijing accused of under
- Brazil could join group of oil producers, exporters
- APEC meeting: Globe
- VOX POPULI: Vertical writing an indispensable part of thinking in Japanese
- VOX POPULI: Professionalism will be the key to successful ride
- Jungle Island Music Festival: 60 acts at HK's new, 3
- Corrections defends pace of change: 'There is no reluctance'