X @外汇交易员

Government Intervention in Real Estate - China is planning to mobilize state-owned enterprises (SOEs) like China Cinda Asset Management to acquire unsold homes from distressed property developers [1] - This initiative aims to address the limited effectiveness of previous local government efforts to purchase unsold housing stock [1] - The SOEs will be allowed to utilize a RMB 300 billion (approximately USD 41.4 billion) re-lending facility from the People's Bank of China (PBOC) earmarked for affordable housing [1] Policy Considerations - There are considerations to remove the price cap on the acquisition plan for unsold homes [1]