China is preparing to implement more measures to boost the house rental market, including a 100 billion Yuan (USD15 billion) housing rental credit plan, according to Chinese official media, Xinhua News Agency, which published the information on Friday.
China will enhance funding for reputable developers through the issuing of loans and bonds.
The focus of China’s strategy to strengthen developers’ balance sheets is on high-end real estate companies that are systemically significant and quite large in size.
China will incite lending organizations to conduct fair loan extension talks with reputable developers.
China will offer policy support, such as stronger currency management, to aid developers in repaying their foreign loans.
