Liao Yuanyuan of the State Administration of Financial Supervision: Will study and issue special measures for the management of loans for urban renewal projects

On May 20, Liao Yuanyuan, director of the Statistics and Risk Monitoring Department of the State Administration of Financial Supervision, said at the press conference of the State Information Office that the State Administration of Financial Supervision will guide the Financial Institution Group to deeply understand the inner logic of the urban renewal action, accurately grasp the new characteristics and new requirements, and actively provide rich and diverse and tailor-made financial products and financial services for the urban renewal action in accordance with the principles of legal compliance, risk control and commercial sustainability, so as to meet the financial needs of different entities, different projects, different stages and different links. Liao Yuanyuan said that the State Administration of Financial Supervision will guide the Financial Institution Group to study and formulate matching institutional processes, business systems and performance evaluation systems according to the specific requirements of the urban renewal action. Give full play to the unique advantages of different types of Financial Institution Groups, use financial resources on the cutting edge, and effectively connect with fiscal funds and social capital. The State Administration of Financial Supervision will study and issue special loan management measures for urban renewal projects, clarify loan conditions and standards, meet the financial needs of urban renewal actions, and improve the timeliness and effectiveness of financial services.