Zhongxin Finance, April 14 (Song Yusheng Gong Hongyu) Under the epidemic, the income of some residents has been affected in the short term. Can they postpone their mortgage repayments?
Facing the downward pressure on the economy, will the RRR be cut soon?
The People's Bank of China held a press conference on financial statistics for the first quarter of 2022 on April 14 to respond to many hot issues.
The picture is from the WeChat public account of the People's Bank of China.
Under the epidemic, these people can defer mortgage repayments
Zou Lan, director of the Financial Markets Department of the People's Bank of China, said that since the outbreak of the novel coronavirus pneumonia, the income of some residents has been affected in the short-term, and there is a need to postpone the repayment of monthly payments and reschedule the repayment plan. From the perspective of post-loan risk management, banks will Such special circumstances also require targeted arrangements.
In January 2020, the People's Bank of China and other five departments jointly issued a notice, which clarified that for the four groups of people affected by the epidemic, financial institutions should flexibly adjust the repayment arrangements for personal loans such as housing mortgages and credit cards, and reasonably delay the repayment period. If the epidemic situation affects the failure to repay in time, the overdue record may not be submitted.
"We have also noticed that due to various factors such as the epidemic, the construction of some sold residential projects has been postponed and the delivery of houses has been postponed. The People's Bank of China will also work with relevant departments to guide the bank's comprehensive project practice and borrowers' willingness in accordance with the principles of marketization and rule of law. etc., properly negotiate and handle according to laws and regulations, and earnestly safeguard the legitimate rights and interests of home buyers." He said.
Data map: There are many buildings in the urban area.
Photo by China News Agency reporter Wang Dongming
Banks in more than 100 cities have lowered mortgage rates
Since the beginning of this year, the domestic epidemic has spread in many places, and some industries such as the service industry and small and micro enterprises have been severely impacted, and normal production and operation are facing greater difficulties.
Zou Lan said that recently, the reduction of mortgage interest rates mainly occurred at the bank level.
Since March, due to the weakening of market demand, banks in more than 100 cities across the country have voluntarily lowered their mortgage interest rates by an average of 20 to 60 basis points according to market changes and their own business conditions.
In addition, some provincial-level market interest rate pricing self-discipline mechanisms also cooperate with the regulatory requirements of local governments. According to the actual situation of the city and within the scope of national policies, the lower limit of the city's down payment ratio and the lower limit of the interest rate have been lowered. The differentiated and market-oriented adjustments made by its own business strategy have adapted to the characteristics of regional differences in the real estate market.
Small and micro enterprises are difficult to operate, what should I do?
The continued closure and control policies in Shanghai may lead to difficulties in the operation of small, medium and micro enterprises.
In this regard, Zou Lan, director of the Financial Market Department of the People's Bank of China, said that the People's Bank of China will continue to fully support the development of difficult industries and small and micro enterprises to help stabilize the macroeconomic market.
Guide financial institutions to increase the preference for credit resources in areas and industries severely affected by the epidemic, actively meet reasonable financing needs, especially avoid blindly restricting loans, withdrawing loans, and cutting off loans, and supporting enterprises in difficult industries to tide over the difficulties.
He said, continue to make good use of policies such as inclusive small and micro loan support tools, re-loan and rediscount, strengthen positive incentives, guide financial institutions to provide reasonable loan extension or loan renewal arrangements in accordance with market-oriented principles, and expand inclusive small and micro loans. Investment, and increase the proportion of credit loans and first-time lenders.
People's Bank of China.
Photo by China News Agency reporter Zhang Xinglong
The new downward pressure on the economy is increasing, and the RRR cut is coming?
"At present, the new downward pressure on the economy is increasing. We must not only strengthen our confidence in this regard, but also attach great importance to and actively respond to these new challenges."
Sun Guofeng, director of the Monetary Policy Department of the People's Bank of China, pointed out that in the next step, the People's Bank of China will continue to use monetary policy tools such as RRR cuts in a timely manner to further increase financial support for the real economy, especially industries severely affected by the epidemic, as well as small, medium and micro enterprises, and individual industrial and commercial households. We will make reasonable profits to the real economy and reduce comprehensive financing costs.
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