Chinese Vice Premier He Lifeng has called for expanded financial support for real estate projects under the country's 'white list' mechanism, aiming to stabilize the housing market and protect homebuyers' interests. 🌆🏠
During inspections in Taiyuan and Xi'an, the senior official emphasized that \"the property market is a barometer for the broader economy\", linking housing stability to China's economic recovery. 💡📈
What's the 'White List' Plan?
Launched in January, this system allows local governments to recommend high-quality real estate projects to commercial banks for potential funding. Banks then assess these projects for credit, debt, or equity financing based on market conditions. 💰✅
Key Moves Ahead
📋 Fast-tracking approvals for qualified projects
🔧 Accelerating fixes for problematic developments
🏘️ Expanding support to all eligible commercial housing projects
🏗️ Securing construction funding for ongoing developments
He also pushed for converting existing commercial housing into affordable homes, aiming to reduce market inventory while addressing housing needs.
The vice premier's tour included visits to supermarkets and foreign trade firms, signaling broader economic priorities as China focuses on both domestic stability and international competitiveness. 🌐📦
