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China should boost lending and other....>

CHINA PRESS
CHINA PRESS: China should boost lending and other financial services to the
construction of rental properties to help advance its policy of supply-reform of
the housing sector, the China Securities Journal said in a commentary Wednesday.
While a dozen pilot projects have been introduced in cities including Guangzhou,
Shenzhen and Beijing, the rental housing industry is still too weak and lacks
sufficient financial backing. The size of China's rental property market is
CNY1.1 trillion, only 7% of the total property transactions, compared with a
ratio of more than 40% in more mature markets like the U.S. and Japan, the
newspaper said. There should be more involvement by commercial banks and real
estate investment trusts, the newspaper said.
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