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China will not have subprime mortgage crisis that occurred in US: former PBC chief

China does not have any structural shortcomings that will trigger a subprime mortgage crisis like the one occurred in the US in 2007, as the country’s the housing demand of urban and rural residents continue to increase amid regulatory measures to prevent and address the risks of the real estate market, former chief of the People s Bank of China (PBC) said on Sunday. ....

Dai Xianglong , People Bank , Political Bureau , Communist Party , China Central Committee , Chinas Economy , Financial Summit , Digital Yuan ,

China won't have US-style subprime mortgage crisis: former PBC chief

China does not have structural shortcomings that will trigger a subprime mortgage crisis like the one that occurred in the US in 2007, as the country’s urban and rural housing demand continues to rise amid regulatory measures to prevent and address the risks of the real estate market, a former chief of the People s Bank of China (PBC) said on Sunday. ....

Yan Yuejin , Dai Xianglong , People Bank , China Rd Institute , Political Bureau , Communist Party , China Central Committee , Central Economic Work Conference , Shanghai Basede House China Rd Institute , Global Times , Subprime Mortgage Crisis ,

Insto roundup: Calstrs ramps up China investment; GIC targets UK logistics assets | Asset Owners


Dai Xianglong
Dai Xianglong, a former governor of the People s Bank of China and former head of the National Social Security Fund, is calling for allocating a proportion of assets confiscated from corrupt officials and a proportion of land transfer fees to replenish pension reserves.
At a pension reserves forum hosted by the Chinese Academy of Social Sciences on December 19, Dai said the amount of assets confiscated from corrupt officials could total billions of yuan. 
In recent years, with the increasing number of elderly in China, the sustainability of the pension fund is under threat. In 2019, the balance of social insurance funds nationwide was Rmb585.486 billion, and after fiscal subsidies were excluded, there was a deficit for the seventh consecutive year. ....

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