NO.1 Special Task Force on Real Estate Financing Coordination Mechanism: Completing the Target of Delivering 3.73 Million Homes by 2024
On February 5th, relevant officials from the Special Task Force on the Real Estate Financing Coordination Mechanism responded to reporters’ questions, stating that by the end of 2024, the approved loan amount for “whitelist” projects nationwide exceeded RMB 5 trillion, and the battle to ensure home delivery achieved the delivery of 3.73 million homes, successfully meeting the annual target. Among them, Vanke delivered over 180,000 homes, fully completing the home delivery target. In 2025, following the principles of “including all eligible projects, providing loans to all eligible applicants, and doing so as early as possible,” projects meeting the criteria will be included in the “whitelist” to precisely support real estate project construction and delivery, effectively safeguarding the legitimate rights and interests of home buyers.

Commentary: This achievement reflects the effectiveness of the real estate financing coordination mechanism. Through the “whitelist” system, real estate companies such as Vanke have received strong financing support, ensuring the smooth progress of project construction. The orderly progress of home delivery not only safeguards the legitimate rights and interests of home buyers but also boosts market confidence, playing a positive role in stabilizing the real estate market.

NO.2 Jinke Property: Restructuring Efforts Progressing Steadily
On February 6th, Jinke Property announced that its restructuring efforts are progressing steadily, and the company is actively cooperating with the court and administrators in claims declaration and review, preparing for the creditors’ meeting and the second creditors’ meeting, and promoting the implementation of the restructuring investment agreement. According to the previously disclosed 2024 annual performance forecast, preliminary calculations indicate that the company’s net assets at the end of 2024 will be negative. According to the relevant provisions of the Listing Rules, the company’s stock may be subject to additional delisting risk warnings by the Shenzhen Stock Exchange after the disclosure of the 2024 annual report.

Commentary: For Jinke Property, restructuring is a crucial turning point aimed at enhancing the company’s overall competitiveness and market position. Although challenges may arise during the restructuring process, success will contribute to the company’s long-term development. Meanwhile, the success of its restructuring may also impact the entire real estate industry, especially in the current market environment where investors are particularly concerned about the financial health and operational efficiency of real estate companies.