State Administration of Financial Regulation: The implementation of the coordination mechanism for urban real estate financing in 2024 has yielded results. “White list” projects have been approved, with loans exceeding 5 trillion yuan

On January 12th, the State Administration for Financial Regulation held a regulatory work conference for 2025, deeply studying and implementing the spirit of the Central Economic Work Conference and the National Financial System Work Conference, summarizing the work for 2024, and deploying key tasks for 2025. The meeting pointed out that 2024 is the first complete year for the State Administration of Financial Regulation to fully perform its duties. The risks of small and medium-sized financial institutions have significantly converged. The implementation of the coordination mechanism for urban real estate financing has been effective, with loans exceeding 5 trillion yuan approved for “whitelist” projects. Support and cooperate in resolving local government debt risks. The cumulative disposal of non-performing assets for the whole year exceeded 3 trillion yuan.

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