Strictly control the illegal entry of operating loan funds into the property market
Peng Jiang
A set of data released by the central bank a few days ago attracted attention.
Data show that at the end of 2020, the bank's domestic and foreign currency household operating loans balance was 13.62 trillion yuan, a year-on-year increase of 20%, and an increase of 2.27 trillion yuan for the whole year.
Will the operating loan balance rise?
Great.
In response to the impact of the new crown pneumonia epidemic on the real economy, the financial industry has increased its efforts to provide loan support to enterprises.
This is an important reason for the increase in the balance of operating loan funds.
If you think about it again, the operating loan balance has risen so much, has the funds been invested in physical enterprises?
I am afraid that is not the case.
Behind the increase of more than 2 trillion yuan, many operating loan funds have quietly flowed into the real estate market.
In response to the impact of the new crown pneumonia epidemic on the real economy, the banking industry has stepped up efforts to reduce fees and make profits.
The current operating loan interest rate for companies continues to fall, even lower than the personal mortgage interest rate.
Since then, many people have mobilized the crooked mind of using operating loans to buy houses.
Last year, some market organizations specializing in handling business loans for homebuyers sprang up everywhere, and many real estate agencies can even help homebuyers handle business loans to buy houses.
Certain banking institutions are also happy to see operating loans flow into the property market.
A bank loan officer once said frankly that loans to home buyers are not only safe but also efficient and worry-free.
If funds are invested in production companies, especially small and micro enterprises, post-loan management is time-consuming and laborious, and even sleep at night worrying that the small and micro business owners will not be able to pay.
According to data from the Central Bank, as of the end of 2020, the balance of personal housing loans in my country was 34.44 trillion yuan, a year-on-year increase of 14.6%.
In order to prevent financial risks, the Central Bank and the China Banking and Insurance Regulatory Commission have issued notices restricting the proportion of bank housing-related loans. Among them, the red line for the proportion of real estate loans from several state-owned banks cannot exceed 40%.
In this context, it is particularly important to prevent operating loan funds from entering the property market.
For the regulatory authorities, it is necessary to be alert to the phenomenon of operating loan funds entering the property market, to further tighten the reins of law enforcement and tie up the regulatory fence.
At present, the Banking and Insurance Regulatory Bureaus of Shanghai and Beijing have issued notices stating that they will focus on the management of personal housing credit and strictly prevent the illegal flow of funds such as operating loans into the real estate market.
In the future, more local regulatory authorities are required to pay attention to the "face change" of funds entering the property market, and intensify crackdowns on such violations.
For banks, it is necessary to further strengthen credit management and refrain from "opening eyes and closing eyes" to the illegal entry of operating loans into the property market. In addition, the banking industry needs to further develop the ability to serve the real economy, and it cannot dare to lend without real estate collateral. Financial institutions need to make full use of scientific and technological means to increase the scope and breadth of enterprises accessible to financial services, and to truly irrigate financial water into the real economy. Finance and the real economy should be connected in blood. Just imagine, if more than 2 trillion yuan of new operating loan funds flowed into the physical production sector, it would be great.