Xinhua News Agency, Beijing, February 4 (Reporter Zhang Qianqian) The reporter learned from the China Development Bank that in 2024, the China Development Bank will make good use of the affordable housing re-lending policy, focusing on supporting Guangxi, Jiangsu, Henan, Jilin, Sichuan and other places to acquire existing commercial housing for allocation and allocation affordable housing, and drive relevant cities to digest nearly 10,000 existing commercial housing units.

It is understood that China Development Bank has set up a variety of loan products in a timely manner, focusing on providing high-quality financial services to various places. Through special authorization and differentiated credit policies, we will help all localities to purchase existing commercial housing in accordance with the principle of ordering on demand, increase the supply of affordable housing, and promote the real estate market to stop falling and stabilize and improve people's livelihood. At the same time, we actively strive for re-lending policy support, transmit preferential interest rates, and effectively reduce the financing costs of acquisition entities.

An affordable rental housing community in Beijing. Photo by Xinhua News Agency reporter Li Xin

While supporting the acquisition of existing commercial housing as affordable housing, China Development Bank also actively cooperates with relevant policy deployments for promoting urban village renovation through monetary resettlement and other methods, promptly connects local governments to provide financial services, supports the acquisition of existing commercial housing as urban village renovation resettlement housing, and organizes villagers to purchase their favorite housing through housing tickets and other means. At present, it has been gradually launched in Guangdong, Jiangsu, Henan, Liaoning and other places to effectively drive the digestion of existing commercial housing.

Hu Guanghua, general manager of the Housing and Urban Construction Business Department of China Development Bank, said that in the next step, China Development Bank will continue to provide medium- and long-term financing support for increasing the construction and supply of affordable housing, effectively and effectively serve to solve the housing problems of the people, help stabilize the real estate market, and accelerate the construction of a new model of real estate development.