What’s new: Li Yunze, head of the National Financial Regulatory Administration (NFRA), urged local authorities to implement supportive policies to fund new home construction while applying strict scrutiny to projects eligible for aid.
Li made the remark during a trip to the southwest province of Guizhou this week, according to the administration’s website. Li emphasized that cities should adopt tailored housing policies based on local conditions and called on local governments, property developers and financial institutions to work together to ensure the delivery of residential projects.
