On Wednesday, the People’s Bank of China held a meeting in the northeastern province of Shandong, which focused on speeding up the progress of refinancing low-income housing, according to an official statement.“[The measure] responds to the national policy of consuming housing units in the inventory, optimising the efficiency of the housing market and pushing forward a new development model for the property sector,” the statement said.
Jinan in Shandong province, Tianjin, Chongqing and Zhengzhou city in Henan province all shared their experiences at the meeting after being involved in pilot programmes.
Then on Thursday, the Ministry of Natural Resources issued an official notice on renewing old communities by referencing the experiences of Beijing, Shanghai, Guangzhou and Nanjing.
“The measure aims at deepening examination and assessment, strengthening coordination and policy…
