People’s Bank of China and China Banking Regulatory Commission, Circular on Promoting Land Conservation and Improving the Efficiency of Land Use through Financial Means
中国人民银行、中国银行业监督管理委员会关于金融促进节约集约用地的通知
Loans for real property tightened.
Date:
October 2008
CLP Reference: 4100/08.07.29
Promulgated: 29 July 2008
Keywords (click to search): [land conservation] [efficiency of land use] [property loans]
Issued: July 29 2008
Main Contents: Article 5 of the Circular prohibits the granting of any type of loan for the development of commercial real property on collective land in rural areas; any property loan to urban residents for purchase of residential premises on collective land in rural areas; or loans specifically used for paying land grant fees...
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