The People's Bank of China releases financial data for the third quarter
The amount of personal mortgage payments remained stable
Beijing, October 15 (Reporter Chen Guojing) At the third quarter financial statistics release conference held by the People’s Bank of China on the 15th, Zou Lan, Director of the Financial Markets Department of the People’s Bank of China, said that the recent risk exposure of individual large-scale real estate companies, The risk appetite of financial institutions for the real estate industry has dropped significantly, and the growth rate of real estate development loans has dropped significantly.
This short-term overreaction is a normal market phenomenon.
In the first three quarters of this year, the amount of personal housing loans issued remained stable, basically matching the amount of commercial housing sales during the same period.
Among them, housing prices in a few cities have risen too fast, personal housing loans are restricted, and the rate of housing price rises has been suppressed.
After housing prices stabilize, the supply-demand relationship of housing loans in these cities will also return to normal.
"Some financial institutions have some misunderstandings about the financing management rules of the 30 pilot real estate companies in the'third-tier and fourth-tier'." Zou Lan said that some financial institutions are required to not increase the balance of interest-bearing liabilities of "red file" companies. The misunderstanding is that banks must not renew the balance of interest-bearing liabilities. After granting development loans and repaying the loans with the company’s sales repayments, new projects that should have been reasonably supported were not able to obtain loans, which also caused some companies’ capital chains to tighten to a certain extent.
In response to these circumstances, the People's Bank of China and the China Banking and Insurance Regulatory Commission have held a real estate finance work symposium at the end of September to guide major banks to accurately grasp and implement the real estate financial prudential management system, maintain the stable and orderly distribution of real estate credit, and maintain the steady and healthy development of the real estate market.
Recently, the debt risk issue of Evergrande Group has aroused widespread concern.
"On the whole, the risk of its spillover to the financial industry is controllable." Zou Lan said that of Evergrande Group's total liabilities, financial liabilities are less than one-third.
Creditors are also relatively dispersed, and individual financial institutions have little risk exposure.
Currently, relevant departments and local governments are carrying out risk disposal and resolution work in accordance with laws and regulations in accordance with the principles of rule of law and marketization, urging Evergrande Group to increase asset disposal efforts, speed up the restoration of project construction, and safeguard the legitimate rights and interests of housing consumers.
The financial department will cooperate with the housing and urban-rural construction department and local governments to provide financial support for the resumption of the project.