Everbright Bank recently announced that it will control the flow of credit card funds into real estate-related transactions from June 8, 10, and the credit card of Everbright Bank will fail when such merchants overdraw. On September 27th, China Merchants Bank Credit Card Center announced that China Merchants Bank credit cards could not be traded in real estate merchants. On September 12, Industrial Bank announced that its credit cards could not be overdrawn by real estate merchants. In addition, some banks have introduced other restrictive policies. If an individual uses a credit card to pay property fees and rent a house (rented house) by time, the amount of a single transaction shall not exceed/kloc-0.5 million yuan or 30,000 yuan.
Zhen Xinwei, a researcher at the International Monetary Research Institute of Renmin University of China, believes that the main purpose of banks to stop personal overdraft credit card purchases is to prevent credit card funds from illegally flowing into the property market and becoming a source of funds for real estate speculators. Personal credit card funds flow into the property market, which deviates from the requirement of "housing and not speculating" and affects the effect of real estate regulation.
Dong Ximiao, a special researcher at the National Finance and Development Laboratory, said that at present, some personal credit card funds have not been used according to the prescribed purposes and have flowed into the real estate market in violation of regulations, which has amplified the leverage of residents and accumulated financial risks. Therefore, it is necessary for commercial banks to limit the inflow of credit card funds into the property market by reaffirming relevant policy requirements and taking measures to plug policy loopholes.
Dong Ximiao believes that commercial banks also need to reasonably verify the credit card quota, minimize multi-head credit granting, strictly control excessive credit granting, and reduce the possibility of excessive overdraft of customers, especially young customers, from the source.
Dong Ximiao also suggested revising relevant institutional measures, "including fictitious loan purposes and misappropriation of credit funds into the credit information system, increasing the borrower's illegal cost, and curbing the illegal flow of personal consumer credit funds into the property market from the source. "Dong Ximiao said," It is also necessary to strengthen the control of the flow of funds to consumer finance companies, large technology companies and Internet platforms, because the proportion of individuals borrowing money through these companies may be higher. "
Zhen Xinwei believes that banking institutions should also pay attention to strengthening the fine management of credit cards on the normal consumption of real estate-related merchants, avoiding "one size fits all" and fully protecting the payment needs of cardholders such as property fees and rents generated in the process of housing consumption.