/Poglede.info/ The People’s Bank of China and the National Financial Regulatory Administration published yesterday “Guidelines for Providing Stronger Support for the Rental Housing Market”.
It is planned to establish and develop a specialized system of financial support for residential rents, which will respond more focused to the needs of young people in big cities. The focus will be on encouraging the development of specialist and large-scale let-to-own businesses.
The measures provide for more loans for the development and operation of rental housing and better financial services for related businesses. At the same time, the relevant authorities will also work to limit potential risks, such as tighter management of loan funds and clear and strict business boundaries, which will be designed to deal with speculation.
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