The General Administration of Financial Supervision and the Ministry of Housing, Urban-Rural Development issued the “Administrative Measures on Urban Renewal Project Loans”. The method mentions that lenders should verify the use of loan funds for urban renewal projects, must not be used to pay land concessions and related taxes, must not be used in early stages such as land expropriation, compensation for demolition and resettlement before clean land is supplied, and must not be used for matters covered by financial expenditure according to regulations. When evaluating repayment sources for urban renewal projects, lenders shall ensure that the project repayment source and repayment plan are practical, that the cash flow fully covers the principal and interest of the loan, that loan reviews are relaxed because the project is included in the urban renewal plan, urban renewal project bank, etc., and that they must not accept any form of hidden government credit enhancement measures.

The General Administration of Financial Supervision and the Ministry of Housing, Urban-Rural Development issued the “Administrative Measures on Urban Renewal Project Loans”. The method mentions that lenders should verify the use of loan funds for urban renewal projects, must not be used to pay land concessions and related taxes, must not be used in early stages such as land expropriation, compensation for demolition and resettlement before clean land is supplied, and must not be used for matters covered by financial expenditure according to regulations. When evaluating repayment sources for urban renewal projects, lenders shall ensure that the project repayment source and repayment plan are practical, that the cash flow fully covers the principal and interest of the loan, that loan reviews are relaxed because the project is included in the urban renewal plan, urban renewal project bank, etc., and that they must not accept any form of hidden government credit enhancement measures.