The reporter learned from the Chinese Bank on the 8th that the People's Bank of China and the Banking and Insurance Regulatory Commission recently issued a notice to clarify that loans related to affordable rental housing projects are not included in the management of real estate loan concentration, and encourage banking financial institutions to increase support for the development of affordable rental housing in accordance with the principles of legal compliance, risk controllability and commercial sustainability.
Relevant people of the People's Bank of China said that this move is conducive to banking financial institutions to increase credit for affordable rental housing projects, support the construction of the mainland housing security system, and help promote the establishment of a multi-subject supply, multi-channel guarantee, rent-purchase housing system. In the next step, the People's Bank of China and the Banking and Insurance Regulatory Commission will accelerate the establishment and improvement of the housing rental financial system, continue to increase financial support for the construction of affordable housing and the development of the long-term rental housing market, and promote the virtuous circle and healthy development of the real estate industry. (Xinhua News Agency)
![A Hong Kong landlord bought a 63-square-meter super-sized house with a saleable area of 745,000 in 1981 and recently rented it out for $24,000, now enjoying a rental return of over 38%! Hong Kong property purchase[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)