BEIJING: China’s financial regulators stressed the need for facilitating financing for the real estate sector to ensure economic stability. The programme of “the second arrow” – a risk-sharing scheme to facilitate bond financing of private enterprises, including private real estate enterprises – was also expanded, he said. “We should pay close attention to the difficulties and challenges facing the real estate sector,” Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), said at the forum on Monday. The CSRC will support real estate enterprises’ plans to improve their balance sheets, mergers and acquisitions in the real estate sector and equity financing of enterprises that have a certain size of real estate business, he said. As the country ramps up support to stabilise the real estate sector, some experts said the over-five-year LPR still has room to drop in the coming months, which will help shore up home-buying demand and further stabilise the real estate sector.
