Ulrich: China’s housing funding gap is Rmb900 billion

Beijing’s affordable housing programme requires up to Rmb1.4 trillion but it will need to fund most of this via domestic funds, loan and bond markets, says J.P. Morgan’s Jing Ulrich.

  • 15 Sep 2011

The Chinese government’s plan to build 36 million units of affordable housing as per the 12th five year plan has a large funding gap of Rmb800 billion-Rmb900 billion (US$125.2 billion-US$140.85 billion), according to JP Morgan’s China chairman, Jing Ulrich.

The gap will need to be plugged by a ...

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