2023-07-11 08:25:58
The People’s Bank of China (PBOC) and the National Administration of Financial Regulation They have decided to extend until the end of 2024 the policies on the extension of financial support for the healthy development of the real estate market, as reported by the institutions.
On November 11, 2022, the People’s Bank of China and the former China Banking and Insurance Regulatory Commission jointly issued a guideline with 16 support measures for the sector, which they have decided to extend “in consideration of the current situation of the real estate market “and in order to guide financial institutions so that they continue extending the financing of real estate companies.
In their announcement this Tuesday, the institutions highlight that, for existing financing, in order to facilitate the completion and delivery of projects, a one-year extension may be granted in the case of loans that mature before December 31. 2024 beyond the original standards.
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