Overview

• China's Ministry of Housing announced an increase in financial support for real estate, aiming to reach four trillion Yuan by the end of the year.
• The initiative targets projects on the 'white list,' which includes eligible developers and housing projects for funding.
• This move is part of China's broader effort to ensure the completion of unfinished housing projects and halt the sector's decline.
• Despite the government's actions, investors are seeking more concrete measures from the central government to address the crisis.
• The real estate downturn has significantly impacted consumer confidence and the overall economic recovery post-pandemic.