Agricultural Bank of China: More than 10 new urban real estate financing coordination mechanism projects approved since January 26
In a recent announcement on the official Weibo of the Agricultural Bank of China, it was revealed that the bank has swiftly implemented penetrating deployments following the establishment of the urban real estate financing coordination mechanism. The bank has been instructed to resolutely implement decisions and arrangements of the Party Central Committee and the State Council, as well as implement the spirit of the special meeting of the General Administration of Financial Supervision.
The Agricultural Bank of China has been actively connecting with the coordination mechanism to push projects and help it operate as quickly and efficiently as possible. The bank is focusing on precise investment and proactively strengthening its docking with the coordination mechanism. For eligible projects pushed by the coordination mechanism, the bank has simplified the process, expanded authorization, and established green channels to ensure project financing is implemented as soon as possible.
Since the special meeting of the State Administration of Financial Supervision on January 26, the Agricultural Bank of China has connected with more than 2,700 coordination mechanism projects. Notably, more than 10 new projects have been approved, with loans of nearly 5 billion yuan approved. The entities benefiting from these loan projects are mostly non-state-owned enterprises, such as private enterprises, accounting for more than 80%.
The project types approved are mainly residential buildings that meet rigid needs and improved needs. This strategic approach by the Agricultural Bank of China demonstrates its commitment to supporting urban real estate financing coordination mechanism projects, ultimately contributing to the development of the real estate sector.
This article was sourced from Jiemian News and is provided for informational purposes only. It does not constitute investment advice and individuals are advised to operate accordingly at their own risk.