In response to the related policies of "Article 16 on Financial Support" and the spirit of the national symposium on credit work of commercial banks, recently, a number of banks have released information to deepen the cooperation between banks and enterprises.

1. Industrial and Commercial Bank of China: 65 billion yuan

On November 24th, China Industrial and Commercial Bank signed strategic cooperation agreements with 12 national real estate enterprises, including Vanke Group, gemdale, Greentown China, Longhu Group, Country Garden Group, Midea Real Estate and Jin Hui Group, providing intentional financing totaling 655 billion yuan, bringing together banks and enterprises to promote the stability of the real estate market.

according to the cooperation agreement, ICBC will give full play to its advantages in terms of capital, channels and services, and carry out all-round cooperation with relevant housing enterprise groups around real estate development loans, personal housing mortgage loans, real estate project merger and acquisition financing, rental housing financing, letter of guarantee replacement of pre-sale supervision funds, bond underwriting and investment to meet the reasonable financing needs of enterprises.

all banks and enterprises have indicated that they will take this signing as an opportunity to implement the decision-making arrangements of the CPC Central Committee and the State Council, adhere to the position that houses are used for living, not for speculation, fully implement the long-term real estate mechanism, and promote the stable and healthy development of the real estate market.

since the beginning of this year, ICBC has earnestly implemented the important requirements of preventing the epidemic, stabilizing the economy and ensuring the safety of development, actively implemented a package of policies and continuous measures to stabilize the economy, played a leading role in giving priority to meeting the residents' demand for rigid and improved housing funds, optimized financial services according to the city's policy, and fully supported the work of "ensuring property delivery, people's livelihood and stability" to safeguard the overall situation of economic and financial stability with practical actions.

2. Bank of China: 1 billion yuan

On November 23rd, Bank of China and Vanke Group signed the Strategic Cooperation Agreement to further deepen the cooperation between banks and enterprises.

According to the agreement, Bank of China will provide Vanke Group with an intentional credit line of no more than 1 billion yuan or equivalent foreign currency, and deepen all-round business cooperation in real estate development loans, merger and acquisition loans, bond underwriting and investment, personal housing loans, letters of guarantee, supply chain financing and other business areas.

3. Agricultural Bank: No data has been disclosed yet

Agricultural Bank held a signing ceremony of strategic cooperation agreements between banks and enterprises with five housing enterprises, namely China Shipping Development, China Resources Land, Vanke Group, Longhu Group and gemdale.

it is understood that banks and enterprises will make use of their respective industry advantages, integrate resources, deepen all-round cooperation, and further deepen cooperation in real estate development loans, personal housing mortgage loans, M&A loans, bond underwriting and investment in key areas such as commercial housing, affordable housing and urban renewal in accordance with the principles of voluntariness, equality, mutual benefit and win-win, so as to establish long-term and stable cooperative relations.

4. Bank of Communications: 12 billion yuan

On the morning of November 23rd, Bank of Communications signed a comprehensive strategic cooperation agreement with Vanke Group. According to the agreement, Bank of Communications will provide Vanke Group with an intentional comprehensive credit line of 1 billion yuan and provide diversified financing services, including but not limited to real estate development loans, personal housing mortgage loans, M&A loans, letters of guarantee, supply chain financing and bond investment.

In addition, Midea Real Estate signed a 2 billion yuan comprehensive strategic cooperation agreement with Bank of Communications. According to the agreement, Bank of Communications will provide an intentional credit line of no more than 2 billion yuan for Midea Real Estate, including but not limited to real estate development loans, bond investment, M&A loans, letters of guarantee, supply chain financing, etc.

5. CCB signed cooperation agreements with 8 real estate enterprises, covering central enterprises, local state-owned enterprises and private enterprises.

CCB invited 88 real estate and housing leasing enterprises, held a real estate market prospect and housing leasing fund exchange meeting, and signed cooperation agreements with 8 real estate enterprises, including China Communications Construction of central enterprises, Yuexiu of local state-owned enterprises, Vanke, Longhu, Midea Real Estate, Hesheng Chuangzhan and Dahua of private enterprises.

6. Postal Savings Bank: 5 billion

On November 24th, Country Garden signed a contract with Postal Savings Bank to establish a long-term strategic cooperative relationship. In this cooperation, the Postal Savings Bank will provide Country Garden with an intentional credit line of no more than 5 billion yuan, including but not limited to real estate development loans, M&A loans, mortgage business, letter of guarantee, factoring, bond investment and other forms of financing. And provide mortgage credit to the owners who purchase the houses of real estate projects developed by Party A and its holding and affiliated project companies.

1. China Banking and Insurance Regulatory Commission introduced six major banks to implement the "Article 16 of Real Estate" initiative to establish a "white list" of regional high-quality real estate enterprises

On November 24th, the person in charge of relevant departments in China Banking and Insurance Regulatory Commission said that at present, six state-owned major banks are focusing on the "Article 16" regulatory policies, making special research on detailed measures, further intensifying their work and actively promoting the stable and healthy development of the real estate market.

first, quickly establish a special working mechanism and convey policy requirements to branches, so as to quickly form a working pattern in which the Head Office makes overall plans and the whole line makes efforts.

Second, reasonably distinguish the risks of project subsidiaries from those of group holding companies, establish a "white list" of regional high-quality housing enterprises, and extend the development loans for temporarily troubled housing enterprises.

thirdly, optimize and expand the application scope of the existing "green channel" mode of credit approval, and speed up the approval and issuance of key customers and important projects in the form of green channel on the premise of implementing relevant policies.

fourth, actively cooperate with the work of "guaranteeing the delivery of the building", make special loan arrangements for docking ahead, and strive to promote the supporting financing of the "guaranteeing the delivery of the building" project.

Fifth, make full use of M&A loans, investment banks and other tools to actively and steadily promote the M&A financial services for risk disposal projects of key real estate enterprises.

Sixth, actively support the people's reasonable demand for housing loans, and ensure the legitimate rights and interests of housing finance consumers affected by the epidemic and in line with the extension policy and credit protection.

2. The special loan funds for "Baojiaolou" have been basically put into the project

On November 24th, the person in charge of relevant departments in China Banking and Insurance Regulatory Commission said that up to now, the special loan work for "Baojiaolou" has made progress in stages, and the special loan funds have been basically put into the project, which has led to a batch of physical workload and effectively promoted the delivery of the project construction. In the next step, China Banking and Insurance Regulatory Commission will resolutely implement the decision-making arrangements of the CPC Central Committee and the State Council, continue to do a good job of "guaranteeing the delivery of buildings" and promote the stable and healthy development of the real estate market.

In August this year, China Banking and Insurance Regulatory Commission cooperated with the Ministry of Housing and Urban-Rural Development, the Ministry of Finance, the People's Bank of China and other departments to introduce measures to support the China Development Bank and the Agricultural Development Bank of China in accordance with relevant policies and requirements, and to cooperate with local governments to compact the responsibilities of all parties, and to issue special loans for "guaranteed delivery buildings" to borrowers who have been reviewed and filed in an efficient and orderly manner in accordance with the law, with closed operation and special funds earmarked for supporting the construction of sold overdue residential projects, and do everything possible to promote "guaranteed delivery buildings".

3. China Banking and Insurance Regulatory Commission: In the first 1 months, the banking sector lent 2.64 trillion yuan in real estate development loans.

On November 24th, the head of relevant departments in China Banking and Insurance Regulatory Commission said that from January to October, the banking sector lent 2.64 trillion yuan in real estate development loans and issued 4.84 trillion yuan in mortgage loans, which provided strong financial support for stabilizing the real estate market.

the above-mentioned person in charge said that since the second half of last year, a few real estate enterprises have experienced unsustainable risks due to their long-term business model of "high leverage, high debt and high turnover", which has had spillover effects on the market. At the same time, due to the epidemic situation, there have been some adjustments in the current real estate market. China Banking and Insurance Regulatory Commission resolutely implemented the decision-making arrangements of the CPC Central Committee and the State Council, and guided banks to provide credit for real estate.

Recently, the People's Bank of China and China Banking and Insurance Regulatory Commission jointly issued the Notice on Doing a Good Job in Financial Support for the Stable and Healthy Development of the Real Estate Market, proposing 16 financial measures. At the same time, China Banking and Insurance Regulatory Commission, the Ministry of Housing and Urban-Rural Development and the People's Bank of China jointly issued the Notice on the Relevant Work of Commercial Banks Issuing Letters of Guarantee to Replace Pre-sale Supervision Funds, to support high-quality real estate enterprises to rationally use pre-sale supervision funds, prevent and resolve liquidity risks of real estate enterprises, and promote a virtuous circle and healthy development of the real estate industry.

The person in charge pointed out that in the next step, China Banking and Insurance Regulatory Commission will strengthen communication and cooperation with the Ministry of Housing and Urban-Rural Development, the People's Bank of China and other relevant departments, make concerted efforts in the same direction, urge banking and insurance institutions to provide relevant financial services in accordance with laws and regulations, implement financial support policies in a proper way, effectively keep real estate financing stable and orderly, actively support "ensuring property delivery and stabilizing people's livelihood", and promote a virtuous circle and healthy development of the real estate industry.

4. China Banking and Insurance Regulatory Commission: Resolutely avoid consistent lending and loan suspension

The person in charge of relevant departments in China Banking and Insurance Regulatory Commission said on November 24th that to ensure the smooth and orderly financing of real estate, joint-stock banks are required to treat state-owned and private real estate enterprises equally.

The person in charge pointed out that joint-stock banks should actively support existing loans by extending the loan period and adjusting repayment arrangements, and resolutely avoid consistent lending and loan suspension. Encourage banks to optimize internal authorization and improve the efficiency of examination and approval. For example, some joint-stock banks have given special authorization to their branches, allowing them to examine and approve reasonable loan extension applications of real estate enterprises on their own.

in addition, China Banking and Insurance Regulatory Commission supports joint-stock banks to help stabilize the bond financing of real estate enterprises. At present, a number of joint-stock banks have actively participated in the underwriting and investment of credit enhancement support bonds of private real estate enterprises, and China Banking and Insurance Regulatory Commission has also actively cooperated with relevant departments to coordinate the extension of bonds of some real estate enterprises.