China will refine real estate policies, meet financing demand for property firms in 2024

China will refine real estate policies and meet justified financing demand for real estate enterprises under various forms of ownership on an equal basis in 2024, according to an official work report seen by Reuters on Tuesday.

China will move faster to foster new development model for real estate and scale up the building and supply of government subsidized housing in 2024, according to the report.

The property sector has lurched from one crisis to another since 2021 after a regulatory crackdown on high leverage triggered a liquidity crisis. Authorities have adopted policies to revive the sector.

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