Guangzhou: Intend to steadily and orderly promote the selling of existing housing units, and promote reforms in real estate development financing methods.

Guangzhou strives to build a new model of real estate development with high-quality supply, efficient guarantee, and high-level operation. It is learned that during the "Twelfth Five-Year Plan" period, Guangzhou plans to actively and prudently plan pilot projects for the current sale system, and select suitable plots to carry out pilot projects at the right time. Strengthen financial service support, encourage commercial banks to increase the loan amount for the development of current housing sales projects, and provide interest rate concessions. For plots for current housing sales, support is given for phased payment of land prices and public resource allocation. If pre-sale continues, regulate the supervision of funds for pre-sale of commercial housing, and regulate the use of funds. At the same time, increase financial coordination and linkage, promote the reform of real estate development financing methods, and promote the transformation of real estate development enterprise financing from relying on the credit of the main entity to meeting the reasonable financing needs of real estate projects. One bank or banking consortium is designated as the lead bank for each project, with project development, construction, sales, and other funds deposited into the lead bank, which guarantees the reasonable financing needs of the project company, forming a virtuous cycle of shared interests and risks between the lead bank and the project company. Implement the requirement for the closed management of real estate project funds and strictly prohibit investors from illegally diverting funds from the project company for sales, financing, etc. before project delivery, and strictly prohibit fund withdrawal or premature dividends.