Financials Dec 03, 2021 10:18 PM (GMT+8) · EqualOcean
Financial Associated Press, Dec. 3 - a spokesman for the China Banking and Insurance Regulatory Commission said that it is understood that local governments and departments such as Guangdong Province are guiding and urging Evergrande group and its affiliated enterprises to resolve risks in a stable and orderly manner in accordance with laws and regulations, actively promote the resumption of work and production of the project, complete the delivery of buildings, and financial institutions such as banks and insurance are also actively participating in relevant work. The China Banking and Insurance Regulatory Commission will conscientiously implement relevant national policies and guide banking and insurance institutions to provide financial services to the real estate and construction industries on the premise of implementing the prudent management of real estate finance. At this stage, we should focus on meeting the mortgage needs of the first house and improved housing according to different local conditions, reasonably issue real estate development loans and M & A loans, increase support for affordable rental housing, and promote the steady and healthy development of the real estate industry and market.

This text is a result of machine translation.

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