China: Real Estate

China's central bank and four regulatory bodies have issued eight comprehensive documents restructuring the entire real estate development framework, from financing to sales.

Following the release of the Guidelines for the Pilot Filing of Real Estate Private Investment Funds (Trial) (commonly referred to as "Circular No. 4") by the Asset Management Association of China (AMAC) in February 2023, real estate funds have garnered significant attention in both private investment and insurance sectors.

建设工程施工合同关系中，发包人通常为工程款的支付主体。