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在线翻译:
szdaily -> Markets -> 
CCB moves into Shenzhen rental housing market
    2017-11-06  08:53    Shenzhen Daily

CHINA Construction Bank, the nation’s second-biggest bank, has unveiled a credit loan product for home renters, the first of its kind, as the government looks to develop the rental housing market, the People’s Daily said.

Renters can apply for the loan to pay rent and related costs in Shenzhen with a credit line of up to 1 million yuan (US$150,879), the newspaper said Friday.

The bank said the loan is easy to obtain, with a swift one-day approval process and can be repaid within 10 years.

The bank’s Shenzhen branch Friday also announced strategic pacts with 11 major developers and rental firms, including China Vanke and China Evergrande Group, to launch 5,481 long-term rental homes on the Shenzhen market, the paper said.

The bank’s involvement has “eased developers’ financing concerns over return on investment and thus their reluctance to enter the rental market,” it quoted Wang Feng, the director of the Shenzhen Real Estate Research Center, as saying.

China announced plans in August to launch pilot programs in 13 major cities, including Beijing and Shanghai, to build rental housing projects in an effort to ease a housing shortage. (SD-Agencies)

 

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