Chinanews.com, December 31. According to the website of the central bank, the People’s Bank of China and the China Banking and Insurance Regulatory Commission recently issued the "Notice on Establishing the Centralization Management System for Real Estate Loans of Banking Financial Institutions" (hereinafter referred to as the "Notice"), establishing The centralization management system for real estate loans of banking financial institutions was established.
Data map: A real estate under development and construction.
Photo by China News Agency reporter Zhang Bin
The "Notice" clarified the institutional coverage, management requirements and adjustment mechanism of the real estate loan concentration management system.
Considering the asset scale and type of banking institutions and other factors, set two upper limits for the proportion of real estate loan balance and the proportion of personal housing loan balance, set a transition period for institutions that exceed the upper limit, and establish a regional differentiation adjustment mechanism .
The establishment of a real estate loan concentration management system is an important measure to improve my country’s macro-prudential management system and improve the long-term real estate financial management mechanism. It will help improve the resilience and robustness of the financial system, and help banking financial institutions optimize their credit structure. Contribute to the steady and healthy development of the real estate market and help promote the balanced development of finance and real estate with the real economy.
On December 31, the central bank's website also published the contents of "Questions and Answers from the People's Bank of China, China Banking and Insurance Regulatory Commission on Establishing a Management System for the Concentration of Real Estate Loans in Banking Financial Institutions".
According to the introduction, the real estate loan concentration management system means that the proportion of real estate loan balance and the proportion of personal housing loan balance of Chinese-funded legal person banking financial institutions established in my country should meet the management requirements determined by the People's Bank of China and the China Banking Regulatory Commission. , That is, not higher than the corresponding upper limit determined by the People's Bank of China and the China Banking and Insurance Regulatory Commission.
The People's Bank of China and the China Banking and Insurance Regulatory Commission set the management requirements for the concentration of real estate loans in different stages based on factors such as the asset size and type of banking financial institutions.
The setting of management requirements takes into account the type of bank, the current status of the existing real estate loan business and the future space.
At the same time, in order to reflect regional differences, there can be moderate flexibility when determining the management requirements of the real estate loan concentration of local corporate banking financial institutions.
The management system has also set a transition period to ensure the smooth implementation of policies and promote the stable and healthy development of the real estate market and financial market.
Management requirements are set and implemented on the basis of legal persons (excluding overseas branches), and no separate requirements are set for the branches of national banks in various regions.
Banking financial institutions that currently exceed management requirements should formulate a transitional business adjustment plan based on their actual conditions; banking financial institutions that meet management requirements should steadily carry out real estate loan-related businesses. The People’s Bank of China and the China Banking Regulatory Commission will closely monitor the relevant banking industry. The development of real estate loan business of financial institutions will urge the adoption of measures to correct the abnormal growth.
To support the vigorous development of the housing leasing market, housing leasing-related loans are temporarily excluded from the calculation of the proportion of real estate loans.
At present, the People's Bank of China is working with relevant departments to study and formulate opinions on housing leasing financial business and establish a corresponding statistical system. By then, the housing leasing-related loans that meet the definition will not be included in the scope of concentration management statistics.
In order to cooperate with the implementation of the new asset management regulations, real estate loans returned to the balance sheet during the transition period of the new asset management regulations (to the end of 2021) are not included in the statistics.
What impact will the establishment of a real estate loan concentration management system have on the real estate market?
In this regard, the "Answers to reporters" part is also clear:
Since 2019, the People’s Bank of China and the China Banking and Insurance Regulatory Commission have conducted extensive research on the real estate loan concentration management system, and have conducted adequate communication with financial institutions. The relevant indicators have been set in full consideration of the actual situation of banking financial institutions and adopted classification analysis. Various institutional arrangements, such as the file, the differentiation transition period, and the regional adjustment mechanism.
At present, most of the banking financial institutions meet the management requirements. The People's Bank of China and the China Banking and Insurance Regulatory Commission will require them to steadily carry out real estate loan-related businesses and maintain the proportion of real estate loans and personal housing loans basically stable.
For banking financial institutions that exceed management requirements, they will be required to reasonably choose business adjustment methods and reasonably distribute business adjustment scales annually to ensure that the pace of adjustment is relatively stable and the adjustment work proceeds in a steady and orderly manner.
Individual banks that are under greater pressure to reduce the transition period are differentiated to ensure the smooth implementation of policies.
In general, the establishment of a real estate loan concentration management system is conducive to the formation of stable policy expectations for market entities and is conducive to the steady, healthy and sustainable development of the real estate market.