1. Why is the source of funds for buying land in Shenzhen strictly investigated this time? The main reason is to prevent those enterprises from borrowing or financing to buy land. I think so too. Shenzhen is afraid of a second Evergrande. Now Evergrande has exceeded one trillion yuan. The money he owes is also borrowed from banks or various places, so once something happens to Evergrande, it will be involved in particularly large financial risks. Therefore, in order to prevent more Evergrande from popping up, Shenzhen is now strictly investigating the behavior of buying land and building houses through loan financing and these companies.
2. Need free funds According to the notice issued this time, we understand that these bidding enterprises need to explain the source of their land purchase funds and promise that these funds are their own funds. And ask them to provide the corresponding proof and bank information for a complete demonstration. It is also required to make a commitment and submit a letter of commitment for land acquisition funds, as well as the report of the accounting firm.
3. The notice also clearly pointed out that the shareholders of these enterprises shall not provide them with lending guarantees or other financing areas as funds for purchasing real estate in violation of regulations. If an enterprise buys money, it can't use loans or prepayments from upstream and downstream affiliated enterprises in the industrial chain to make purchases. And there are also relevant regulations for financial institutions. The rule says. Banks, securities, insurance, futures, trusts, funds and asset management companies cannot provide financing for these companies through some financial means, such as loans and private trust loans. These channels are unacceptable. If these violations are found, the deposit will not be refunded, and it is forbidden to participate in relevant bidding activities for one year.
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