Pan Gongsheng: Study to allow policy banks and commercial banks to support conditional market-based acquisitions of real estate land by enterprises

On September 24th, Pan Gongsheng, the governor of the People's Bank of China, said that the People's Bank of China will support the acquisition of the stock land of real estate enterprises. On the basis of using some local government special project bonds for land reserves, we will study allowing policy banks and commercial banks to lend to support the market-oriented acquisition of real estate land by conditional enterprises, revitalize the stock land, and ease the financial pressure of real estate enterprises. When necessary, the People's Bank of China can provide policy support.