China Construction Bank Corp., one of China’s big four state-owned lenders, has plans to launch a $4.2 billion house rental fund to buy properties from developers, according to a release. The establishment of the fund is subject to necessary approval, filing, registration and other
procedures with the relevant authorities.
CCB intends to help explore the new growth model of the real estate market and facilitates the stable and healthy development of the property sector, reported Bloomberg.
