Fuzhou Housing and Urban-Rural Construction Bureau: China Construction Bank Fuzhou Branch failed to effectively supervise the pre-sale funds of the Shimao Yunjing development project, so new related business has been suspended.

The Housing and Urban-Rural Development Bureau of Fuzhou City issued a notification regarding the failure of Industrial and Commercial Bank Fuzhou Branch to fulfill the supervision of pre-sale funds. Due to the inadequate supervision of the pre-sale funds account of Industrial and Commercial Bank Fuzhou Branch for the Baojia Tower project, it caused difficulties in paying project construction funds, inability to pay property owners' certification and invoice taxes, and the Baojia Tower project could not be completed, seriously affecting social stability. Now, the behavior of Industrial and Commercial Bank Fuzhou Branch that goes against the spirit of "guarantee project completion, guarantee people's livelihood, guarantee stability" is hereby reported. The new pre-sale fund supervision business of Industrial and Commercial Bank in our city is temporarily suspended until Industrial and Commercial Bank Fuzhou Branch cooperates to complete the related work for the Baojia Tower project. At the same time, property owners and related construction units that have suffered damage to their rights in the "Shimao Yunpu Mansion" can appeal to Industrial and Commercial Bank Fuzhou Branch and related units, and they can also protect their rights through legal means.