China plans to ask firms run by central government to buy homes, Bloomberg News reports

14-08-2025 16:07 HKT

A pedestrian walks near residential buildings under construction in Beijing, China, on Saturday, March 4, 2023. China property buyers are back on the hunt, but not quite ready to invest, underscoring the tenuous state of the country real estate market.hotographer: Qilai Shen/Bloomberg

China is preparing to mobilise companies owned by the central government in Beijing to buy unsold homes from distressed property developers, Bloomberg News reported on Thursday.

Regulators are planning to ask some of the biggest state-owned enterprises and bad debt managers including China Cinda Asset Management to help clear the housing glut, the report said citing people familiar with the matter.

Reuters

China property developer home government purchase

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