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China’s overall real estate policy has relaxed since then. On 10 July 2023, the People’s Bank of China and the National Financial Supervision and Administration Bureau issued an additional notice to extend the policy period. This reaffirms Beijing’s commitment to supporting the ‘healthy development’ of the real estate industry. The extension involves two key points.
Financial institutions were encouraged to support existing real estate loans through loan extensions and adjusted repayments. Loans due before 31…