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Guangdong: Urge real estate companies to raise funds for self-rescue through various means to prevent real estate companies from "lying flat and letting things go bad"

2024-08-10

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According to the website of the Guangdong Provincial Department of Housing and Urban-Rural Development, on the morning of August 8, the Guangdong Provincial Department of Housing and Urban-Rural Development, the Guangdong Provincial High People's Court, the Guangdong Supervision Bureau of the State Financial Supervision and Administration Bureau, and the Shenzhen Supervision Bureau jointly held a provincial meeting on the coordination mechanism for the guaranteed delivery of housing and urban real estate financing. The meeting emphasized that it is of great significance to fight the battle for guaranteed delivery of commodity housing projects and do a good job in the work of guaranteed delivery of housing, in order to protect the legitimate rights and interests of buyers and promote the stable and healthy development of the real estate market, and the goals and tasks must be completed resolutely. The establishment of an urban real estate financing coordination mechanism with cities as units and projects as carriers is an important measure to change the financing mode of real estate development and meet the reasonable financing needs of real estate enterprises of different ownerships equally. It must be resolutely implemented to ensure greater results. The meeting required that we must resolutely fight and win the battle for guaranteed delivery of housing, do a good job in guaranteed delivery of housing, and promote greater results in the coordination mechanism for urban real estate financing. Urge real estate companies to raise funds for self-help through asset disposal and realization and other methods, and resolutely put an end to the "lying flat and rotten" of real estate companies.