CCB explores long-term home leasing

China Construction Bank Corp is exploring long-term home leasing as a way to offer financial services to high-quality clients, and is helping to reduce housing inventory.

Specializing in mortgage services, CCB, the country's second largest commercial lender by assets, marched into the home leasing market in 2017.

"We are trying to encourage individuals, companies and government institutions to lease their vacant second or third homes for longer terms, varying from three to 10 years, in addition to persuading real estate developers to lease, rather than sell, some of their houses," said Pang Xiusheng, executive vice-president of CCB, at a recent news conference.