Mar 04, 2021 01:18 PM (GMT+8) · EqualOcean
Yao Jinbo, deputy to the National People's Congress and 58 city CEO, proposed to improve the capital supervision system of long-term rental business institutions, rectify the high-risk business behaviors of rental enterprises, prevent systemic financial risks, and ensure the healthy and orderly operation of the industry. We will continue to increase the effective supply of housing and give preference to new citizens. We should guide local governments to introduce policies such as tax reduction and exemption on individual rental income, encourage residents to rent idle houses through legal rental agencies for a long time, and give greater tax reduction and exemption, so as to activate potential housing supply and improve the utilization rate of existing houses. We will steadily promote the implementation of "the same right for rent and purchase" and fully protect the rights and interests of renters.

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