The registered capital of Sino-German Housing Savings Bank is 654.38 billion yuan, which is jointly funded by China Construction Bank and Bihar Housing Savings Bank in Schwaetzer, Germany, with the shareholding ratio of 75. 1% and 24.9% respectively. In 2008, Sino-German Housing Savings Bank was approved to expand its business scope, and on the basis of the original housing savings business, it launched commercial banking services such as personal housing loans and development loans to support the development and construction of affordable housing, low-rent housing, economic rental housing and price-limited housing, which can provide comprehensive and professional housing financial services for property buyers and real estate development enterprises. According to the business scope approved by the China Banking Regulatory Commission, Sino-German Housing Savings Bank will gradually start to absorb public deposits, issue financial bonds, issue, honor and underwrite government bonds, receive and pay money, sell funds, act as an insurance agent, and settle accounts at home and abroad.
Sino-German Housing Savings Bank "focuses on housing finance and housing savings" to create a characteristic housing finance platform. Since its establishment in 2004, Sino-German Housing Savings Bank has carried out housing savings business on a pilot basis, and has become a professional bank focusing on housing finance, with "three middle groups" (low-and middle-income residents buy small and medium-sized houses and low-priced houses) as its service feature, which provides a new idea for the local government to solve the housing security problem of low-and middle-income residents.
Housing savings is a mature housing financing system widely implemented in European countries. It is also called the three major housing financing systems in the world together with commercial mortgage loan system and housing accumulation fund system. All kinds of people voluntarily enter into contracts with the Housing Savings Bank and deposit money into the "fund pool" on a regular basis. After reaching certain loan allocation conditions, they can obtain housing loans from the "fund pool" at a fixed low interest rate and quota agreed in advance. This is housing savings.
The attraction of this system lies in the realization of "win-win-win" situation: for buyers, they can lock in the interest rate and quota of forward loans, accumulate bank credit, enjoy government preferential treatment and save the cost of buying houses; For banks, it can effectively alleviate the information asymmetry with loan customers and greatly reduce the credit risk; For the government, it can guide low-and middle-income groups to accumulate housing funds, cultivate residents' rational and planned housing consumption concept, and promote the stable development of the real estate market.