Zhong Guo Jin Rong Xin Xi Wang·2026-02-03 10:07Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) Ningbo Branch has provided a loan of 16.3 million yuan to support the "old-for-new" housing project in Ningbo, which aims to facilitate the acquisition of old houses and promote the new housing market [1] Group 1: Project Overview - The "old-for-new" project is led by the Ningbo Housing and Urban-Rural Development Bureau and is set to launch in early September 2025 [1] - The project plans to acquire 500 units of old houses built before January 1, 2005, across 32 streets (towns) in six districts of Ningbo [1] - Eligible residents can exchange their old houses for new ones throughout the city, with acquired old houses being transformed into rental housing for new citizens, youth, and first-time homebuyers [1] Group 2: Financial Support and Implementation - ICBC Ningbo Branch actively participated in the bidding process and designed a financial solution to address the funding connection issue between the value of old houses and new house payments [1] - The bank emerged as the winning bidder among 11 participating banks, becoming the cooperative bank for the project [1] - The loan provided is expected to support the acquisition of old houses and stimulate the demand for new housing, contributing to the stable and healthy development of the real estate market in Ningbo [1]