A few days ago, the Taizhou Branch of the China Banking and Insurance Regulatory Commission issued multiple fines for bank violations within its jurisdiction.

Information published on the China Banking and Insurance Regulatory Commission website on December 20 showed that the Taizhou Branch of the Postal Savings Bank of China was seriously imprudent in its personal housing mortgage loan business, and the Taizhou Supervisory Branch fined it RMB 300,000. Taizhou Branch of the Bank of China was fined RMB 300,000 by the Taizhou Supervision Bureau due to serious imprudent practices in its personal housing mortgage loan business. The Taizhou Branch of the Agricultural Bank of China was fined RMB 300,000 by the Taizhou Supervision Bureau for serious imprudence in its personal housing mortgage loan business. The Taizhou Branch of Industrial Bank was fined RMB 300,000 by the Taizhou Supervision Bureau due to lax monitoring of the use of loan funds, which were used to purchase the bank's financial products.

Since this year, strengthening real estate credit compliance management and risk control has been one of the priorities of the banking and insurance regulatory authorities. On December 21, Liang Tao, Vice Chairman of the China Banking and Insurance Regulatory Commission, said at the "2019 Academic Annual Meeting of the China Society for Finance and Banking and China Financial Forum Annual Meeting" that in recent times, regulatory authorities have attached great importance to improving the supply quality and efficiency of the financial system and have achieved achieved phased results. These include carrying out special inspections of real estate credit in more than 30 hot cities across the country to curb the illegal entry of financial funds into the real estate sector.

In 2019, the China Banking and Insurance Regulatory Commission frequently issued regulatory policies targeting the illegal entry of funds into real estate. In April, the China Banking and Insurance Regulatory Commission issued the "Notice of the General Office of the China Banking and Insurance Regulatory Commission on Further Strengthening the Supervision of the Real Estate Trust Business of Trust Companies", requiring local regulatory authorities to monitor changes in the real estate trust business on a monthly basis, conduct regulatory interviews and on-site inspections in a timely manner, and suspend Various measures, including partial or complete business operations and the revocation of executive qualifications, will resolutely curb the excessive growth and excessive accumulation of risks in real estate trusts.

In May, the China Banking and Insurance Regulatory Commission issued the "Notice on Carrying out the Work of "Consolidating the Achievements in Combating Chaos and Promoting Compliance Construction"", which strictly prohibits funds on and off the balance sheet from being used directly or in disguised form for land transfer financing; without strict review Real estate development enterprise qualifications, illegally providing financing to real estate development projects with incomplete "four certificates".

The reporter learned that in 2019, the Taizhou Banking and Insurance Regulatory Bureau adopted a variety of means to strictly control the illegal flow of credit funds into the real estate market. For example, it guides banking institutions to establish industry self-discipline conventions, strictly implement the due diligence system for personal housing mortgage loans, ensure that the down payment voucher is in the same direction as the customer's down payment for home purchase, and it is strictly prohibited to bypass other accounts to pay the down payment.

Industry experts said that in addition to increasing penalties, real estate financial risk prevention and control should also be strengthened from multiple aspects: first, strictly control bank credit funds from entering the real estate market; second, strictly control personal housing loan limits , Strictly control the illegal flow of personal consumption loans and credit card funds into the real estate market; third, strictly control the issuance of corporate bonds by real estate companies.