城市房地产融资协调机制持续显效

Core Viewpoint - The establishment of the urban real estate financing coordination mechanism aims to support housing construction and delivery, ensuring the rights of homebuyers are protected, with over 7 trillion yuan in loans approved for "white list" projects, supporting nearly 20 million housing units [1][3]. Group 1: Financing Mechanism - The urban real estate financing coordination mechanism focuses on project-based financing rather than corporate financing, creating a new model that emphasizes the cash flow capabilities of projects [2]. - As of the end of 2024, the approved loan amount for "white list" projects exceeded 5 trillion yuan, facilitating the delivery of 3.73 million housing units, achieving the annual target [2]. - The loan scale for "white list" projects has steadily increased, reaching over 7 trillion yuan, supporting nearly 20 million housing units, reflecting a significant rise since May [3]. Group 2: Policy Measures - The "delivery upon delivery of certificates" initiative has been implemented in over 2,300 counties and cities, enhancing homebuyers' sense of security and satisfaction by providing property certificates simultaneously with keys [4]. - The series of measures, including "guaranteeing delivery" and "delivery upon delivery of certificates," aim to protect homebuyers' rights and boost confidence in new housing purchases, positively impacting market expectations [4]. Group 3: Risk Management - The coordination mechanism effectively isolates risks between enterprises and projects, mitigating new risks in the real estate sector [5]. - Future recommendations include strengthening post-loan cooperation and supervision for "white list" projects to ensure compliance with progress and funding requirements [5].