Various policies to "Guarantee Delivery of Buildings" are gradually implemented, and the "16 Financial Measures" are ready to go. How can finance support the stable and healthy development of the real estate market?

The heads of relevant departments of the China Banking and Insurance Regulatory Commission responded on November 24 to the current real estate hot spots of concern to all walks of life.

In the first ten months, real estate development loans amounted to 2.64 trillion yuan. The person in charge of the relevant departments of the China Banking and Insurance Regulatory Commission said on November 24 that from January to October, the banking industry invested 2.64 trillion yuan in real estate development loans and issued 4.84 trillion yuan in mortgage loans. In order to stabilize the real estate industry

The market provides strong financial support.

The above-mentioned person in charge stated that since the second half of last year, a small number of real estate companies have experienced risks due to the unsustainable long-term "high leverage, high debt, and high turnover" business model, which has had a spillover effect on the market. At the same time, affected by the epidemic, the current real estate market has experienced

Some adjustments.

"The China Banking and Insurance Regulatory Commission resolutely implements the decisions and arrangements of the Party Central Committee and the State Council, and guides banks to provide credit to real estate." The person in charge said that on November 14, the China Banking and Insurance Regulatory Commission, the Ministry of Housing and Urban-Rural Development, and the People's Bank of China issued the "Concerning the Issuance of Credit Issued by Commercial Banks"

Notice on the Relevant Work on the Replacement of Letters of Guarantee for Pre-sale Regulatory Funds" to support high-quality real estate companies in rationally using pre-sale regulatory funds, prevent and resolve liquidity risks of real estate companies, and promote a virtuous cycle and healthy development of the real estate industry; on November 23, the People's Bank of China and the China Banking and Insurance Regulatory Commission

It also officially issued the "Notice on Doing a Good Job in Current Financial Support for the Stable and Healthy Development of the Real Estate Market", proposing 16 financial measures, the above-mentioned "16".

The person in charge pointed out that the next step for the China Banking and Insurance Regulatory Commission will be to strengthen communication and cooperation with the Ministry of Housing and Urban-Rural Development, the People’s Bank of China and other relevant departments, coordinate and work in the same direction, urge banking and insurance institutions to provide relevant financial services in accordance with laws and regulations, and implement financial support policies.

We will effectively maintain real estate financing in a stable and orderly manner, actively support "guaranteeing the delivery of buildings and stabilizing people's livelihood", and promote a virtuous cycle and healthy development of the real estate industry.

The six major banks have implemented the "16 Articles" and the cumulative credit limit is at least 1.275 billion. The person in charge of the relevant department of the China Banking and Insurance Regulatory Commission pointed out that the six large banks are currently focusing on the "16 Articles" regulatory policy to study and refine measures to further increase their efforts and actively promote

The real estate market develops steadily and healthily.

The person in charge said that after the "16 Articles" were issued, six major state-owned banks responded quickly: first, they quickly established a special working mechanism and conveyed policy requirements to branches, and quickly formed a work pattern in which the head office coordinates and all lines work.

The second is to reasonably distinguish the risks of project subsidiaries and group holding company risks, establish a "white list" of regional high-quality real estate companies, and provide extension and other arrangements for existing development loans of temporarily troubled real estate companies.

The third is to optimize and expand the scope of application of the existing "green channel" model for credit approval. On the premise of implementing relevant policies, green channel forms will be adopted to speed up the approval and issuance of key customers and important projects.

The fourth is to actively cooperate with the work of "Guaranteed Delivery of Buildings", advance special loan arrangements, and strive to promote supporting financing for "Guaranteed Delivery of Buildings" projects.

The fifth is to make full use of M&A loans, investment banking and other tools to actively and steadily promote M&A financial services for key real estate enterprise risk disposal projects.

Sixth, we will actively support the people’s reasonable needs for housing loans and protect the legitimate rights and interests and credit protection of housing finance consumers affected by the epidemic and in compliance with the extension policy.

Specifically, Bank of Communications, Agricultural Bank of China, Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and Postal Savings Bank of China have successively signed strategic cooperation agreements with real estate companies.

According to the compilation of public information, the Postal Savings Bank, Industrial and Commercial Bank of China, Bank of China, and Bank of Communications have granted a cumulative credit line of 1.275 billion yuan to a number of real estate companies.

On November 24, ICBC announced that it had signed strategic cooperation agreements with 12 national real estate companies on a head-to-head basis, providing intentional financing totaling 655 billion yuan.

Securities Times·Brokerage China reporter learned that the above 12 national real estate companies include China Overseas Development, Poly Development, China Resources Land, China Merchants Shekou, Shenzhen Overseas Chinese Town, Vanke Group, Gemdale Group, Greentown China, Longfor Group, Country Garden Group, and Midea Real Estate

and Jinhui Group.

ICBC stated that in the future, it will give full play to its advantages in funds, channels, services, etc., focusing on business areas such as real estate development loans, personal housing mortgage loans, real estate project merger and acquisition financing, rental housing financing, letter of guarantee replacement pre-sale regulatory funds, bond underwriting and investment, etc.

, carry out all-round cooperation with relevant real estate companies to meet their reasonable financing needs.

On the same day, China Construction Bank invited 88 real estate and housing rental companies to hold a real estate market outlook and housing rental fund exchange meeting, and signed cooperation agreements with 8 real estate companies.

It is understood that among the eight real estate companies that have signed contracts, they include central enterprises such as China Communications Construction Co., Ltd., local state-owned enterprises such as Shoukai and Yuexiu, as well as private real estate companies such as Vanke, Longfor, Midea Real Estate, Hopson Development, and Dahua.