Apr 25, 2022 08:05 PM (GMT+8) · EqualOcean
The financial Associated Press reporter learned that on April 19, 2022, the people's Bank of China and the China Banking and Insurance Regulatory Commission jointly held a symposium on financial support for the real economy. The participants were 18 national commercial banks and 5 national financial asset management companies. The meeting made it clear that financial institutions should adhere to the positioning that houses are used for living, not for speculation, and implement differentiated housing credit policies due to urban policies to better meet the reasonable housing needs of home buyers. We should implement the macro Prudential Management System of real estate finance, distinguish between project risks and enterprise group risks, do not blindly withdraw, cut off and suppress loans, and maintain the stability and order of real estate financing. In accordance with the principles of marketization and rule of law, we should do a good job in the financial services of mergers and acquisitions of risk disposal projects of key real estate enterprises. We should timely optimize credit policies and flexibly adjust the repayment plans of individual housing loans for people affected by the epidemic.

This text is a result of machine translation.