(Yicai Global) Nov. 3 -- The government of southeast China's Guangdong province and the Guangdong branch of state-run China Construction Bank Corp. (CCB) [SHA:601939] have formed a partnership to jointly build a regulatory and trading platform for home leasing.

CCB made the first home leasing loan to a Foshan-based house leasing company on Nov. 2, chinanews.com reported.

The bank will provide technical and channel support as well as financing for the local government to boost the house leasing industry. The house leasing platform CCB developed for Foshan features multiple functions, such as monitoring analysis, regulatory services, government public services and enterprise management and fulfills the local government's needs for management and trading and operation of the leasing market, said an official.

The platform will provide targeted effective solutions for irregular operations and false information in the house leasing market and CCB will verify all the housing information on the platform.

Foshan is one of the 12 Chinese cities the central government has designated for a pilot house leasing scheme and is instituting pilot schemes on home leasing and urban renewal.