Greater China Banks Daily: GZ to reform developer financing, encouraging completed home sales; FX losses become a key earnings swing factor for exporters in H1

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Greater China Banks Daily: GZ to reform developer financing, encouraging completed home sales; FX losses become a key earnings swing factor for exporters in H1

Global Research

23 July 2026ab

Greater China Banks Daily Equities

ChinaGZ to reform developer financing, encouraging

completed home sales; FX losses become a key Banks

earnings swing factor for exporters in H1 MayAnalystYan

may.yan@ubs.com

+852-2971 7157

UBS China A-Share Conference 2026 and post-conference tour will take place this Alex Ye

AnalystSeptember. Join us for a holistic and in-depth China macro tour in Shenzhen,

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Guangzhou to reform developer financing, encouraging completed home sales +86-755-2215 8860

STCN, July 22: Guangzhou’s drafted 15th Five-Year housing development plan was

Helen Li, CFA

posted for public comments on July 21, which sets out supply- and financing-side

reforms. First, it calls for a gradual shift from China’s traditional pre-sale model toward helen-za.li@ubs.com

completed-home sales, with selected land parcels to be used as pilots. Commercial +852-2971 6066

banks are encouraged to offer higher development-loan quotas and preferential rates

for completed-home projects, while land premiums may be paid in instalments. For

projects still sold pre-completion, presale-fund supervision will be tightened. Second,