In a move to align with the central authorities' strategic vision for establishing a new developmental paradigm in the real estate sector, the National Financial Regulatory Administration has rolled out five new management guidelines. These measures are designed to safeguard homebuyer rights, address legitimate financing needs within the property market, and foster high-quality industry growth.

The newly issued framework includes the Commercial Residential Housing Development Loan Management Measures (Trial), Individual Housing Loan Management Measures (Trial), Commercial Real Estate Loan Management Measures (Trial), Urban Renewal Project Loan Management Measures (Trial), and Trust Companies' Real Estate Trust Business Management Measures (Trial). These guidelines comprehensively incorporate the principles of the new real estate development model, focusing on a market-driven and law-based approach. The administration emphasizes a project-centric strategy, a lead bank system, and closed-loop fund management to guide banking institutions in delivering robust financial services across the entire lifecycle of real estate—from development and construction to sales and operations.

The Commercial Residential Housing Development Loan Management Measures build on the successful "whitelist" mechanism, ensuring equal treatment for projects under all forms of ownership to meet their reasonable funding requirements. Meanwhile, the Individual Housing Loan Management Measures introduce adjustments to the timing of loan disbursement, optimize the debt-to-income ratio thresholds, and extend the maximum loan tenure. These changes aim to protect buyers' interests while better catering to the essential and improved housing needs of residents.

Focusing on the commercial segment, the Commercial Real Estate Loan Management Measures specify lending criteria for the development, purchase, and operational phases of commercial properties, promoting stability and healthy expansion in that sector. For urban revitalization, the Urban Renewal Project Loan Management Measures direct banking institutions to enhance the precision, suitability, and effectiveness of their financial offerings to support high-caliber urban renewal initiatives.

The Trust Companies' Real Estate Trust Business Management Measures uphold principles of serving the real economy, maintaining risk control, and enforcing investor suitability standards. By setting clear operational rules, strengthening professional capacity, and reinforcing investor protection, these rules enable trust companies to leverage their unique strengths in conducting real estate trust operations.

Going forward, the National Financial Regulatory Administration will collaborate with relevant authorities to steer banking institutions in implementing these measures, delivering financial support and services tailored to the new real estate development model, and propelling the sector toward high-quality advancement.