Multiple departments make concerted efforts, and the policy of “guaranteing the handover of buildings” is gradually implemented

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 Titanium Media App reported on August 25 that at the end of July, the Politburo meeting of the Central Committee proposed for the first time "guarantee the handover of the building". In the past month, from the central government to the local government, all parties have accelerated their efforts to gather resources and real estate for alleviating real estate risks. Gold and silver, improving market expectations. Judging from the recent policy signals released by various parties, a package of supportive policies for real estate financing has been gradually implemented, providing "ammunition" to fill the gap in the funds for guaranteeing the delivery of properties. On August 23, the first fully-guaranteed private housing enterprise bond landed. Chongqing Longfor Enterprise Development Co., Ltd. announced the issuance of the first tranche of medium-term notes in 2022. The scale of this issuance is 1.5 billion yuan. The raised funds will be used for project construction and repurchase Or repay overseas dollar debt, etc. It is understood that this is the first private housing enterprise bond issued by China Bond Credit Enhancement Company through direct guarantee in accordance with the principles of marketization and rule of law. According to a person close to the Dealers Association, a number of private housing companies are communicating with China Bond Credit Enhancement Corporation and plan to issue bonds for financing through credit enhancement support, and the bond financing channels for private housing companies are gradually recovering. (Source: Securities Times)

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