CCB provides $3bln credit line to a Beijing housing commission

Beijing supplied 12.63 million square meters of land for security housing projects and 1.64 million square meters for low-income housing.

China Construction Bank’s Beijing Branch signed agreements to grant a 20 billion-yuan ($3 billion) credit line to the Beijing Municipal Commission of Housing and Urban-Rural Development to support construction of security housing, a type of low-income housing, reports guandian.cn.

In the first nine months, Beijing supplied 12.63 million square meters of land for security housing projects, 550,000 square meters for low-rent homes, 1.64 million square meters for low-income housing and 1.82 million square meters’ for price-limited condominiums, according to a report in CapitalVue.