On March 2, the State Council Information Office held a press conference on the promotion of a virtuous economic and financial cycle and high-quality development.
Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, reviewed his experience of buying a house at the meeting: more than 20 years ago, personal housing loans were actually very inconvenient.
I have personal experience. At that time, when I was the director of the foreign exchange bureau, I applied for a housing provident fund loan, and it took half a year for the application to be issued.
"But then real estate financial services improved very quickly. Now there are a lot of mortgage loans, and the proportion of large bank loans is very high. We repeatedly remind them to pay attention to risks, because many people buy house loans for investment and speculation. A drop, or something else, is a huge financial crisis.”
In his view, some adjustments in real estate prices and some changes in the demand-side structure are a good thing for the financial industry. "But we don't want the adjustment to be too drastic and have too much impact on the economy, so it should be stable. Convert.(Produced by Wu Rui)
Responsible editor: [Lu Yan]