Free Trial

MNI BRIEF: Local Govs To Use Bonds For Unsold Houses - MOF

MNI (BEIJING) - China will allow local authorities to fund their purchases of unsold homes for affordable housing with special-bond proceeds to help support the real-estate market, Vice Finance Minister Liao Min told reporters on Saturday.

The subsidy funds of affordable housing projects, which previously supported new construction of such housing, can also be used for acquisition to help rebalance supply-demand in the market, said Liao, adding the Ministry will optimise relevant tax policies to stabilise the market.

Keep reading...Show less
107 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (BEIJING) - China will allow local authorities to fund their purchases of unsold homes for affordable housing with special-bond proceeds to help support the real-estate market, Vice Finance Minister Liao Min told reporters on Saturday.

The subsidy funds of affordable housing projects, which previously supported new construction of such housing, can also be used for acquisition to help rebalance supply-demand in the market, said Liao, adding the Ministry will optimise relevant tax policies to stabilise the market.

Keep reading...Show less