Shenzhen attempts to prevent excessive flow of financial resources to real estate
ANBOUND
Recently, the Shenzhen Municipal Party Committee Secretary Wang Weizhong said it is necessary to consider preventing the deflation of financial risks as the fundamental task to ensure Shenzhen's financial security efficiency and operational stability, as to enhancing the financial services entity economic effectiveness to prevent excessive flow of financial resources to real estate. The Shenzhen Municipal Party Committee Secretary clearly emphasized in preventing the excessive flow of financial resources to real estate, indicating that dispersing part of the financial resources away from the real estate industry has become the political task of Shenzhen, which has a demonstrative significance to other cities in China.