According to the public WeChat account of the Bank of China on February 12, after the establishment of the urban real estate financing coordination mechanism, the Bank of China responded quickly and established a special work team to coordinate and implement the work related to the mechanism coordination throughout the bank. For projects included in the real estate project list of each city’s coordination mechanism, Bank of China has set up a green approval channel and immediately set up a special team for front, middle and back offices to ensure that policies get are communicated and that responsibilities are implemented, and the quality and efficiency of the entire credit process are effectively improved. So far, the Bank of China has promoted the approval of more than 110 projects with a total of about 55 billion yuan. Among them, a total of 75 projects have been approved and completed with a total of nearly 40 billion yuan.
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