Over Thirty Local Governments in China Provide Home Subsidies of up to 8 Million Yuan

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At least 30 local governments around China have launched home purchase subsidy policies, as authorities seek to provide policy support to markets in the wake of COVID-19.

According to a report from Zhongxin Jingwei from 11 June six of these local government are providing maximum home purchase subsidies of over one million yuan (approx. USD$141,510), with Nanjing’s Jiangbei New District proposing a maximum subsidy of three million yuan, and Hangzhou a subsidy of eight million yuan.

The policies are primarily designed to attract top-tier talent to Chinese cities, with those providing home purchase subsidies in China including:

  1. Nanning (200,000 – 400,000 yuan);
  2. Zhengzhou (100,000 yuan for PhD’s, 50,000 yuan for master’s degree holders, 200,000 yuan for bachelor’s degree holders);
  3. Hangzhou (100,000 – 8 million yuan subsidies);
  4. Wuxi;
  5. Qingdao (150,000 for PhD research students, 100,000 yuan for master’s research students;
  6. Nanjing Jiangbei New District (up to 300,000 yuan);
  7. Suzhou Industrial Zone; Maximum of 5 million yuan for top-tier full-time professional talent;
  8. Guilin;
  9. Jinan (1 million yuan home purchase subsidy for top-tier talent);
  10. Changchun;
  11. Baotou;
  12. Man’anshan;
  13. Xinzhou;
  14. Xingtai;
  15. Fuzhou;
  16. Luzhou;
  17. Yulin
  18. Huaibei
  19. Hengyang;
  20. Linzhou;
  21. fixing;
  22. Dazhou;
  23. Nanchong;
  24. Meishan
  25. Yibin;
  26. Taizhou;
  27. Huzhou;
  28. Zhenjiang;
  29. Jining;
  30. Ningde;
  31. Qingyuan.

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