China Regulator Vows to Ensure Stalled Home Builds Are Completed
- CBIRC reiterates efforts to help developers complete projects
- China to keep property sector financing stable, official says
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China’s banking regulator vowed to ensure developers complete construction for pre-sold homes, an attempt to alleviate homebuyer concern as more people threaten to boycott mortgage payments.
The China Banking and Insurance Regulatory Commission will work with the central bank, the housing ministry and local governments to ensure home delivery and social stability, Liu Zhongrui, an official with the regulator’s statistics department, said during a briefing in Beijing on Thursday.