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He Xiong, deputy secretary of the Zhengzhou Municipal Party Committee and mayor of the municipal government, said that since the second half of last year, some real estate companies in Zhengzhou have experienced tight capital chains, and projects that have been sold are overdue and difficult to deliver. Through multiple measures and comprehensive measures, Zhengzhou makes full use of the national policy development financial instruments, and makes every effort to stabilize people’s livelihood and expectations, so as to ensure that the real estate market returns to a benign and healthy development track. These include urging real estate companies to slim down and save themselves. Carrying out the five special actions of “guaranteed handover buildings” and other methods to slim down and save oneself, and has raised 13 billion yuan of funds for guaranteed handover buildings so far. Under the joint effect of various financial policies, more than 95% of the city’s Baojiao building projects have substantially resumed work. (surging)
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