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China's real estate regulator vows to tackle property delivery risks

Surveillance cameras are seen near a real estate project under construction in Shenzhen, Guangdong province, China November 8, 2021. [Reuters]

China’s top real estate regulator vowed to resolutely tackle risks stemming from overdue delivery of residential properties by some top developers in a bid to maintain social stability, the official Xinhua News Agency reported on Saturday.

Wang Menghui, head of the Ministry of Housing and Urban-Rural Development said China will keep its real estate policies consistent and stable while strengthening coordination in areas including finance, and land and market supervision.

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