Bank of China’s progress in implementing the real estate financing coordination mechanism: 75 projects have been approved with a total amount of nearly 40 billion yuan – Economic Observer – Professional financial news website

2024-02-12 12:40:00

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According to the WeChat public account of the Bank of China on February 12, following the establishment of the urban real estate financing coordination mechanism, the Bank of China responded quickly and established a special work team to coordinate and implement the work related to the coordination mechanism across the bank. For projects included in the list of real estate projects in each city’s coordination mechanism, Bank of China has established a green approval channel and immediately established a special team for front, middle and back offices to ensure that policies are communicated and responsibilities are implemented in place, and the quality and efficiency of the entire credit process are effectively improved. Up to now, Bank of China has promoted the approval of more than 110 projects with a total amount of approximately 55 billion yuan. Among them, a total of 75 projects have been approved and completed with a total amount of nearly 40 billion yuan.

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