Guaranteeing everyone's right to housing has always been an important mission and focus of the state. Recently, Tao Ling, deputy governor of the People's Bank of China, announced at the regular policy briefing of the State Council that the central bank will set up a 300 billion yuan affordable housing re-loan, and encourage financial institutions to support local state-owned enterprises to purchase unsold commercial housing at a reasonable price in accordance with the principles of marketization and rule of law, and use it as affordable housing for sale or rent. This move shows the good intentions of the central bank to ensure people's livelihood issues, and aims to promote the people's living and working in peace and contentment.
Affordable housing is the cornerstone of a city's better future. However, in real life, problems such as high housing prices, low supply, and imbalances in the real estate market limit the realization of housing needs of some people. The central bank's re-lending policy emphasizes the principle of marketization and rule of law to promote the development of the housing market, and uses the unsold completed commercial housing resources for the construction of affordable housing for sale or rent, so as to provide stable living conditions and suitable housing options for low- and middle-income groups.
This policy not only demonstrates the country's determination to pay attention to people's livelihood, but also provides important support for local state-owned enterprises. Under the principle of moderately maintaining marketization, the central bank encourages financial institutions to participate in the process of reallocation of real estate resources and guides enterprises to purchase unsold commercial housing at reasonable prices. This will prompt enterprises to improve real estate management and market order while providing housing security, and promote the sustainable development of the economy.
Housing security is a complex and huge project, which requires the close cooperation of all government departments and the participation of all members of society. The central bank's relending measures provide greater impetus and opportunities for cooperation in this area. At the same time, the allocated and rented affordable housing will provide guaranteed housing options for low- and middle-income families, effectively alleviate their economic pressure on housing, improve the quality of life, and promote social stability and harmony.
In the process of promoting economic development, the housing issue has been closely monitored. By setting up a 300 billion yuan re-loan for affordable housing, the central bank has sent a signal of care and concern to the society. This will be an important practice and a new contribution made by the central bank to people's livelihood issues. It is hoped that the effective implementation of this policy and measure will bring more positive social impact and create a more harmonious and happy living environment for the people.