https://www.investing.com/news/economy/china-plans-new-real-estate-financing-rules-2274052
No results matched your search
EconomyAug 23, 2020 12:40AM ET
© Reuters. Workers are seen on scaffolding at a construction site in Nantong
BEIJING (Reuters) – China will institute new rules in real estate financing, its central bank said on Sunday.
The move comes after China’s Ministry of Housing and Urban-Rural Development and the People’s Bank of China (PBOC) held a conference last week in Beijing with property companies and other government bodies to discuss a long-term mechanism for regulation of the real estate market.
PBOC and the housing ministry will form capital and financing management rules for key real estate companies, the central bank said in a statement, without elaborating.
Related Articles
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
