May. 15, 2024
Chinese Government Mulls Purchasing Unsold Housing Stock to Alleviate Market Pressure
AsianFin--Relevant Chinese authorities are contemplating a plan to allow local governments across the country to purchase unsold housing stock, according to Securities Times. The proposal, if implemented, could involve banks providing loans for such acquisitions. It is important to note that similar proposals have circulated in various versions previously, but as of yet, there has been no official confirmation from government sources.
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