China Banking and Insurance Regulatory Commission: China Development Bank has paid the country’s first special loan for “guaranteed property delivery”

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The person in charge of the relevant departments of the China Banking and Insurance Regulatory Commission said that they will actively promote and support “guaranteeing the delivery of buildings and stabilizing people’s livelihood”. Guide banks to actively participate in the study of plans to reasonably solve the hard funding gap under the orderly arrangement of cooperating with local governments to consolidate the responsibilities of all parties, do a good job in providing qualified credit, and do everything possible to promote “guaranteing the delivery of buildings and stabilizing people’s livelihood”. Cooperate with the Ministry of Housing and Urban-Rural Development, the Ministry of Finance, the People’s Bank of China and other departments to issue timely measures to improve the policy toolbox, support the construction and delivery of residential projects that have been sold overdue and difficult to deliver through special loans from policy banks, safeguard the legitimate rights and interests of home buyers, and maintain the overall situation of social stability. On September 22, China Development Bank has paid Shenyang City, Liaoning Province, the country’s first special loan for “guaranteed handover of buildings” to support the “guaranteed handover of buildings” project in Liaoning. (Shanghai Stock Exchange)
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