China’s Housing Minister, Ni Hong, along with officials from the People’s Bank of China, the Ministry of Finance, and the National Financial Regulatory Administration, held a significant press briefing aimed at addressing the ongoing challenges in the country’s property sector. This briefing comes at a time when the real estate market is under considerable pressure, affecting broader economic stability.
Key Announcements
During the briefing, several important measures were unveiled:
Monetisation Measures for Urbanisation Projects: The government plans to implement monetisation strategies specifically targeting urbanisation initiatives. This is expected to stimulate investment and support infrastructure development in urban areas.
Addition of 1 Million Village Urbanisation Projects: In a bid to enhance rural development and integrate villages into urban frameworks, officials announced the addition of one million village urbanisation projects. This initiative aims to improve living conditions and promote economic activity in rural regions.
Expansion of Project White List and Bank Lending: The government will expand its “white list” of approved projects eligible for bank lending, increasing the total to 4 trillion yuan. This move is designed to facilitate access to financing for key projects that are deemed essential for economic recovery and stability.
