The "Notice" is mainly aimed at enterprises participating in bidding for residential land in Shenzhen and financial institutions within Shenzhen's jurisdiction, aiming at strictly checking the land purchase funds for bidding, auction and transfer of commercial housing land in Shenzhen, and further strengthening the supervision of land purchase financing for real estate development enterprises.
The six departments also include Shenzhen Planning and Natural Resources Bureau, Shenzhen Housing and Construction Bureau, Shenzhen Central Sub-branch of China People's Bank, Shenzhen Supervision Bureau of China Insurance Regulatory Commission and Shenzhen Supervision Bureau of China Securities Regulatory Commission.
For bidding enterprises, the Notice requires that shareholders of bidding enterprises shall not provide loans, loans, guarantees or other related financing facilities as land purchase funds in violation of regulations.
At the same time, bidding enterprises shall not directly or indirectly use all kinds of financing funds of financial institutions as land purchase funds; Land purchase funds shall not use loans or prepayments from upstream and downstream affiliated enterprises in the industrial chain, loans from other natural persons, legal persons and unincorporated organizations, and financing from non-real estate enterprises controlled by bidding enterprises.
According to the notice, the bidding enterprises need to explain the source of funds for land purchase and promise to provide corresponding proof of their own funds, make a complete demonstration through bank running water and other supporting materials, make a commitment to the above requirements, and submit a commitment letter for land purchase funds and an audit report provided by an accounting firm.
Upon examination, it is found that an enterprise that violates the above regulations on land purchase funds will be disqualified, the bid bond will not be returned, and the enterprise will be prohibited from participating in the bidding activities for state-owned construction land in Shenzhen within 1 year, and the results will be disclosed to the public in time.
For financial institutions, Shenzhen requires licensed financial institutions such as banks, securities, insurance, futures, trusts, funds and asset management companies not to provide various financing funds (including but not limited to development loans, private placements and trust loans). ) illegal for bidding enterprises as land acquisition funds.
Commercial factoring companies, small loan companies, financing guarantee companies, financial leasing companies, pawn companies, local asset management companies and other "July 3" local financial institutions shall not provide funds for bidding enterprises to purchase land in violation of regulations.
The notice requires that financial institutions should do a good job in fund audit to prevent funds from flowing into the auction market of commercial housing land in violation of regulations. Financial institutions should establish corresponding monitoring and reporting mechanisms to substantially review the qualifications of borrowers and the use of loans to prevent credit funds from being used for land bidding in violation of regulations. Once it is found that the borrower uses funds illegally to bid for commercial housing land, it should promptly report to Shenzhen Planning and Natural Resources Bureau, Shenzhen Local Financial Supervision Bureau, Shenzhen Housing and Construction Bureau, Shenzhen Central Branch of China People's Bank, Shenzhen Bank and other departments.
Some real estate developers said that this provision is conducive to large-scale real estate enterprises with good capital conditions. Before, they had plenty of cash, and it was a good time to shoot at this time.
Another debt-ridden housing enterprise said that the document not only requires housing enterprises to regulate the use of funds, but also requires financial institutions not to issue funds in violation of regulations, and do a good job in supervising the use of funds, further standardizing the sources of funds for housing enterprises to purchase land.