two departments: extend the period of some real estate financial policies
2024-09-29
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china news service, september 29. according to the website of the people's bank of china, the people's bank of china and the state financial supervision and administration bureau recently issued a notice on extending the period of some real estate financial policies (hereinafter referred to as the "notice"). the full text of the "notice" is as follows :
notice of the people's bank of china and the state administration of financial supervision on extending the period of some real estate financial policies
the shanghai headquarters of the people's bank of china, branches in all provinces, autonomous regions, municipalities directly under the central government and cities under separate state planning; all supervisory bureaus of the state financial supervision and administration bureau; china development bank, agricultural development bank, state-owned commercial banks of various countries, postal savings bank of china, and all joint-stock commercial banks; trust companies, insurance companies, financial asset management companies:
in order to implement the decisions and arrangements of the party central committee and the state council, meet the reasonable financing needs of the real estate industry, and promote the stable and healthy development of the real estate market, the relevant matters are hereby notified as follows:
1. the application of the reasonable extension policy for existing financing such as development loans and trust loans in the "notice of the people's bank of china and the china banking and insurance regulatory commission on doing a good job in current financial support for the stable and healthy development of the real estate market" (yinfa [2022] no. 254) the period has been extended to december 31, 2026.
2. if the relevant policies in the "notice of the general office of the people's bank of china and the general office of the state financial supervision and administration on the management of commercial property loans" (yinbanfa [2024] no. 8) have an applicable period, the applicable period will be extended to 2026 december 31, year.
people's bank of china
state financial supervision and administration bureau
september 24, 2024
