On the 17th, at the regular briefing on the State Council's policies held by the Information Office of the State Council, the People's Bank of China said that it would set up a 300 billion yuan re-loan for affordable housing, encourage and guide financial institutions to follow the principles of marketization and rule of law, support local state-owned enterprises to purchase completed and unsold commercial housing at reasonable prices, and use it as placement or rental type affordable housing, which is expected to drive bank loans of 500 billion yuan.
Article source: Reprinted from CCTV News WeChat public account
Editor: Wang Haoyi
Review: Hao Zili
Producer: Zhao Min, Zhong Xiao
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