CCB plans to invest in the establishment of a housing rental fund fund raising scale of 30 billion yuan

Xinhua News Agency, Beijing, September 24 (Reporter Wu Yu) China Construction Bank issued an announcement on the evening of the 23rd saying that it was planned to invest in housing rental funds with a fund raising scale of RMB 30 billion.

According to the announcement, in order to accelerate the development of the long -term rental market and increase the supply of affordable rental housing, CCB plans to invest in the establishment of a housing rental fund.Among them, CCB subscribed to RMB 29.999 billion, and the bank's subsidiary CCB Trust Co., Ltd., a wholly -owned subsidiary of CCB Trust Co., Ltd., subscribed to RMB 01 million.The fund's target positioning and investment direction is to transform into rental housing through investment in housing stocks, increase market -oriented long -rent housing and affordable rental housing supply, and explore a new model of real estate development with rented and purchase.

The Board of Directors of CCB revealed that CCB's investment has been approved by the China Banking Regulatory Commission, but the establishment of the fund has to go through the necessary approval, filing, registration and other procedures in the relevant departments.

[Editor in charge: Cheng Lan]

- END -