(Economic Observation) Reiterate "Housing and housing do not speculate", the central government releases three major signals of property market regulation
China News Service, Beijing, December 11th, title: Reiterate "Housing and housing do not speculate" The central government releases three major signals of property market regulation
China News Agency reporter Pang Wuji
The Central Economic Work Conference, which closed on the 10th, reiterated "We must adhere to the positioning of houses for living, not for speculation", emphasizing the promotion of the construction of affordable housing, supporting the commercial housing market to better meet the reasonable housing needs of buyers, and implementing policies in accordance with the city Promote a virtuous circle and healthy development of the real estate industry.
The meeting released three major signals of next year's real estate policy.
Stick to the bottom line of "housing and living, not speculation"
Following the 2016 Central Economic Work Conference that strategically repositioned the Chinese real estate market with "Houses are for living, not for speculation", this year's Central Economic Work Conference once again emphasized that "housing is not for speculation."
Li Yujia, the chief researcher of the Guangdong Housing Policy Research Center, said in an interview with a reporter from China News Agency that "housing to live without speculation" is a top-level design and a long-term guide for real estate and housing work. There will be no temporary downward pressure or local risks due to the industry. Expose and give up.
Since the second half of this year, affected by factors such as weakening of long-term real estate demand and the spillover effect of individual housing company debt incidents, China's property market has cooled rapidly.
Some people hope to relax the regulation and return to the "old way" of stimulating the economy with real estate.
In this context, the reiteration of "no speculation in housing and housing" demonstrates the strategic determination.
Li Yujia said that the strategic determination remains unchanged, and when short-term strategic adjustments are made, there will be a bottom line and perseverance, without losing ground.
Xu Xiaole, chief market analyst of the Shell Research Institute, told a reporter from China News Agency that the meeting emphasized that "housing should not be speculated" and "strengthen the guidance of expectations". This also means that future policies will focus on guiding market expectations to stabilize, including that the real estate market will not continue to decline. , It will not lead to the expected guidance of systemic risks; it also includes that the long-term mechanism of "housing to live without speculation" will not change, and all parties should not have the mentality of "stimulating real estate and speculating real estate".
Promote a virtuous circle in the real estate industry
The Politburo meeting held a few days ago also mentioned promoting the healthy development and virtuous circle of the real estate industry.
Li Yujia believes that this point has been mentioned many times in high-level meetings, which means that the current real estate industry is not in a smooth cycle, which has affected the healthy development of the industry and even risk prevention.
Xu Xiaole said that a virtuous circle requires two things: one is to prevent and control risks and prevent local corporate risks from being transmitted to the system.
The second is to get the real estate market into operation.
To avoid liquidity problems caused by the accelerated deterioration of the payment of real estate companies due to the blockage of market transactions, and the inability to continue rolling over due liabilities.
Ni Pengfei, director of the Center for Urban and Competitiveness Research of the Chinese Academy of Social Sciences, believes that in the future, while unswervingly suppressing "speculation", it is necessary to actively improve policies that support "goodness".
The second is to adhere to policy stability, consistency and continuity, and at the same time to make some marginal fine-tuning of mechanisms according to time and place.
Third, from the perspective of the industrial chain, supply chain, and capital chain, policies and adjustments should ensure that all links of the real estate industry are in a healthy operation, effective connection, and smooth transmission, and prevent problems, breaks and blockages in all links caused by policies.
The supply of affordable rental housing is expected to increase
The meeting emphasized the promotion of affordable housing construction.
This is another important way of housing supply besides commercial housing, which helps to broaden housing supply channels.
In China's housing security system, affordable rental housing plays an important role.
Earlier, Minister of Housing and Urban-Rural Development Wang Menghui stated that during the "14th Five-Year Plan" period, the development of affordable rental housing will be the focus, the housing security system will be further improved, and the supply of affordable housing will be increased.
In June this year, the General Office of the State Council issued the "Opinions on Accelerating the Development of Affordable Rental Housing", which clarified the top-level design of the housing security system at the national level for the first time.
The Ministry of Housing and Urban-Rural Development previously stated that in cities with a large number of new citizens and young people, high housing prices or greater pressure to rise, during the "14th Five-Year Plan" period, the proportion of new affordable rental housing to the total new housing supply should reach 30 %above.
According to data provided by the Ministry of Housing and Urban-Rural Development, in 2021, 40 cities in China plan to raise 936,000 new affordable rental housing units, and 720,000 units have been started from January to September, accounting for 76.9% of the annual plan, and the investment completed is 775. 100 million yuan.
Six cities including Nanjing, Wuxi, Ningbo, Foshan, Changchun and Nanning have completed their annual plans.
(Finish)