China Everbright Bank Promotes Urban Real Estate Financing Coordination Mechanism
China Everbright Bank has been making significant efforts to promote the implementation of the urban real estate financing coordination mechanism. As of February 9, all 39 first-level branches of the bank have set up special work teams and connected with local housing and construction departments. A total of 2,622 project lists have been obtained, with 20 projects approved on the list, amounting to a credit amount of 10.75 billion yuan and a loan balance of 5.014 billion yuan.
To reinforce the implementation of the urban real estate financing coordination mechanism, China Everbright Bank held a bank-wide special meeting on February 7 to re-mobilize and redeploy the advancement work. This was followed by special meetings at the State Financial Supervision and Administration Bureau to deploy and promote the mechanism.
After establishing the urban real estate financing coordination mechanism, the bank immediately formulated a “Work Plan for Implementing the Urban Real Estate Financing Coordination Mechanism.” This initiative aims to provide resource guarantees and establish green channels for qualified projects, in turn helping the coordination mechanism operate efficiently.
In further support of its efforts, China Everbright Bank encourages the sharing of web pages to the circle of friends on WeChat, with the recent launch of a feature enabling users to scan and share web pages to their network.
These developments signify the bank’s commitment to driving the efficient operation of the urban real estate financing coordination mechanism and facilitating the financing of urban real estate projects.
(Source: Shanghai Securities News)