New lender to help ease housing woes

Policy-based institution for residential property sector being considered

China will consider establishing a policy-based financial institution for residential housing to cater to the country's relatively resilient housing demand, according to the top economic regulator.

The nation will come out with measures that will have long-term effects on the property sector and establish an institution for residential housing finance, according to the draft plan for national economic and social development released by the National Development and Reform Commission, the country's top economic regulator, on Monday.