Close Menu
InfoQuest Network
  • News
  • World
    • United States
    • Canada
    • Europe
    • Asia
    • Latin America
    • Australia
    • Africa
  • Politics
  • Business
    • Personal Finance
    • Finance
    • Markets
    • Startup
    • Investing
    • Innovation
    • Billionaires
    • Crypto
  • Tech
  • Lifestyle
  • Sports
  • Travel
  • More
    • Science
    • Entertainment
    • Health & Wellness
    • Immigration
Trending

Childcare Worker Faces Over 70 Charges of Child Sexual Offenses

July 1, 2025

Increased Security Measures for Canada Day in B.C. Following Lapu Lapu Festival Attack

July 1, 2025

Trump cautions of a potential ‘massive 68% tax hike’ if Senate doesn’t approve landmark bill

July 1, 2025
Facebook X (Twitter) Instagram
Smiley face Weather     Live Markets
  • Newsletter
  • Advertise
Facebook X (Twitter) Instagram YouTube
InfoQuest Network
  • News
  • World
    • United States
    • Canada
    • Europe
    • Asia
    • Latin America
    • Australia
    • Africa
  • Politics
  • Business
    • Personal Finance
    • Finance
    • Markets
    • Startup
    • Investing
    • Innovation
    • Billionaires
    • Crypto
  • Tech
  • Lifestyle
  • Sports
  • Travel
  • More
    • Science
    • Entertainment
    • Health & Wellness
    • Immigration
InfoQuest Network
  • News
  • World
  • Politics
  • Business
  • Finance
  • Entertainment
  • Health & Wellness
  • Lifestyle
  • Technology
  • Travel
  • Sports
  • Personal Finance
  • Billionaires
  • Crypto
  • Innovation
  • Investing
  • Markets
  • Startup
  • Immigration
  • Science
Home»Business»Finance»China promises increased financial backing for approved real estate developments
Finance

China promises increased financial backing for approved real estate developments

News RoomBy News RoomOctober 17, 20240 ViewsNo Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email Reddit Telegram WhatsApp

China’s housing ministry announced that it will expand its “whitelist” of real estate projects and increase bank lending to these projects to 4 trillion yuan by the end of the year. Launched in January, the whitelist project allows city governments to recommend residential projects to banks for faster lending in order to complete unfinished housing projects. The goal is to ensure that these projects are completed and delivered to buyers. All commercial housing projects are now eligible for the whitelist project, which is expected to broaden the list.

The latest policy announcement by China’s housing ministry is part of a series of government measures aimed at boosting the economy. In late September, the People’s Bank of China announced a 50 basis-point cut to the reserve requirement ratio and lowered the minimum down payment for second-home loans nationwide. This was followed by a top-level meeting chaired by Chinese President Xi Jinping, where officials pledged to stabilize the real estate market and support a steady recovery. Despite these efforts, some investors were disappointed by the lack of new stimulus measures announced during the recent briefing.

Chinese property stocks soared after the Ministry of Finance announced measures to allow local governments to issue more special bonds for land purchases and use affordable housing subsidies for existing housing inventory. However, the volatility in the Chinese stock market is expected to continue as investors remain uncertain about the effectiveness of the stimulus package. The real estate market in China has been experiencing a slump, with more than 50 cities introducing policies to boost the market. Despite these efforts, new home prices have dropped at the fastest pace in over nine years, and the value of new homes sold has declined significantly.

Kangen Water

Since 2020, China’s real estate sector has been experiencing a downturn due to a government crackdown on high debt levels in the sector. This has led to numerous developers defaulting on their debts and leaving many housing projects unfinished, which has eroded consumer confidence in the market. The recent announcement of the whitelist expansion and increased bank lending is seen as an attempt to revive the real estate sector and support economic growth. However, it will take time for these measures to have a significant impact on property investment and construction.

The disappointment among investors following the recent policy announcement reflects a lack of conviction in the effectiveness of the stimulus package and other measures. The Chinese stock market experienced significant volatility, with the CSI 300 real estate index dropping over 5% during the briefing. The outlook for the real estate market in China remains uncertain, as the sector continues to face challenges stemming from the ongoing economic slowdown and government regulations. The government will need to implement further measures to stabilize the real estate market and support a sustainable recovery in the sector.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit Telegram WhatsApp

Related News

Fraudsters Allegedly Stole Millions From IRS Using Tax Pro Hotline, Watchdog Reports

November 5, 2024

Former Baidu AI Scientist Turns Billionaire as Shares of His Self-Driving Tech Startup Surge 16%

November 5, 2024

Experian, TransUnion, and Equifax Disable TomoCredit’s Reporting Access

November 5, 2024

Tax Measures Are Up for Vote in Multiple States—Here’s the Information You Should Have

November 5, 2024

3G Capital, Masterminds Behind a $20 Billion Burger King Profit, Scores Another Big Win

November 4, 2024

Join the Forbes Fintech 50: Submit Your Application for the 2025 List

October 25, 2024
Add A Comment
Leave A Reply Cancel Reply

Top News

Increased Security Measures for Canada Day in B.C. Following Lapu Lapu Festival Attack

July 1, 2025

Trump cautions of a potential ‘massive 68% tax hike’ if Senate doesn’t approve landmark bill

July 1, 2025

Athletics Eager to Trade Pitcher Luis Severino Following His Candid Criticism of Team’s Ballpark: Report

July 1, 2025

Subscribe to Updates

Get the latest news and updates directly to your inbox.

Advertisement
Kangen Water
InfoQuest Network
Facebook X (Twitter) Instagram YouTube
  • Home
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 Info Quest Network. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.