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beijing business daily (reporter li haiyan) on august 30, the agricultural bank of china held a 2024 mid-year performance briefing. liu hong, deputy president of the agricultural bank of china, said that the agricultural bank of china will adjust and optimize real estate credit policies in a timely manner, and meet the reasonable financing needs of real estate companies of different ownership structures in an equal manner in accordance with market-oriented and rule-of-law principles, to assist real estate market projects and promote the stable and healthy development of the real estate market.

liu hong introduced that in the first half of 2024, the agricultural bank of china's real estate industry loan balance was 892.3 billion yuan, with new investments of 130.9 billion yuan. the new loans were mainly invested in people's livelihood projects such as urban renewal affordable housing projects, commercial housing development projects with good market sales expectations, and commercial projects with stable cash flow. the customer types cover all types of real estate companies.

liu hong pointed out that since the establishment of the urban real estate financing coordination mechanism, the agricultural bank of china has strictly followed the regulatory standards for the first three batches of white-list projects pushed by the coordination mechanism in various places, supported projects that met the regulatory requirements, and strictly implemented the requirements for closed management of project funds. approved loan objects include various qualified entities such as state-owned enterprises, mixed ownership and private enterprises.

"in the next step, the agricultural bank of china will continue to contribute to the stable and healthy development of the real estate market," liu hong said. first, we will fully assist in the delivery of housing, strengthen communication and docking with the government, innovate and use a variety of methods to do a good job in financing and risk management of related projects, and track and explore effective financial service models for the digestion of existing housing. second, we will improve the service quality and efficiency of the real estate financing coordination mechanism, continue to follow up on whitelist projects, and improve the service mechanism for the entire process. third, we will continue to do a good job in financing the three major projects, dock with the project list, promote the review and approval of affordable housing projects, and accelerate the implementation of financing.