Banks strictly control credit supply to prevent illegal inflows into the property market
Recently, there was information saying that “large state-owned banks have received notices that the regulators have recently required large commercial banks to reduce pressure and control the scale of real estate loans such as personal housing mortgage loans.” To put it more conclusively, some banks reported that personal mortgage loans are tight. , There are already banks calling on customers to handle the early repayment of their mortgages in order to diverge their mortgage limits. What is the truth?
In this regard, a reporter from the Economic Daily interviewed several large state-owned banks on the above rumors, and the feedback they received were all “uninformed”.
Many local regulatory authorities also stated that they had not received relevant notices.
"I have not seen the relevant documents so far, and the general principle of supervision is still to insist on'housing and not speculating'." Wen Bin, chief researcher of China Minsheng Bank, told the Economic Daily reporter.
From a regulatory perspective, real estate finance has always maintained a trend of strict supervision.
A few days ago, Zhu Tong, deputy director of the Banking Inspection Bureau of the China Banking and Insurance Regulatory Commission, stated at a press conference that the policy of “no speculation in housing and housing” has been effectively implemented. Excessive credit granting by real estate companies with high financial burdens, intensified investigation and punishment of down payment loans and consumer loan funds flowing into the housing market, and guided bank funds to focus on supporting shantytown reconstruction and other social security projects and residents’ reasonable demand for self-occupied houses.
The balance of loans for affordable housing projects has grown steadily, and the tendency of real estate financialization to bubble has been effectively curbed, which has helped the gradual return of real estate’s livelihood properties.
Prior to this, the Ministry of Housing and Urban-Rural Development and the People's Bank of China jointly held a symposium on real estate enterprises, and formed rules for capital monitoring and financing management of key real estate enterprises.
Emphasizing market-oriented, regular, and transparent financing rules is conducive to the formation of stable financial policy expectations for real estate companies, reasonable arrangements for operating activities and financing behavior, and strengthening of their own risk resistance capabilities, and it is also conducive to promoting the long-term and stable operation of the real estate industry.
The Monetary Policy Implementation Report issued by the Central Bank recently stated that it is necessary to firmly adhere to the positioning of "houses are used for living, not for speculation", insist on not using real estate as a short-term means of stimulating the economy, and insist on stabilizing land prices, housing prices, and expectations , Maintain the continuity, consistency and stability of the real estate financial policy, and implement the real estate financial prudential management system.
Industry analysts pointed out that, taking a comprehensive look at recent real estate-related policies, from rectifying market chaos, increasing regulation in key cities, tightening financing of real estate enterprises, and continuing to hold symposiums by relevant departments, it reflects classified regulation, one city, one policy, Precise policy implementation will still be the policy direction of the next stage.
The regulation will further implement the main responsibility of the city, starting from the supply and demand, land, finance and other levels to ensure the stable and healthy development of the real estate market.
"From the perspective of monetary policy, it is still necessary to emphasize the precise focus on supporting manufacturing and small, medium and micro enterprises, and to effectively and accurately introduce the financial resources that used to be concentrated in real estate to the real economy, and promote the formation of a virtuous circle between real estate and finance." Wen Bin Say.
Experts said that in the future, in terms of controlling personal housing loans and reducing the leverage ratio of residents, the banking industry should, in addition to reasonably satisfying residents' needs for purchasing the first home, strictly control credit supply, strictly review the flow of loan funds, and prevent illegal flow of funds into the real estate market.
At the same time, we should also adhere to the differentiated housing credit policy and resolutely curb speculative and investment demand for housing purchases.
Our reporter Peng Jiang