Zhongxin Finance, April 18. On the 18th, the People's Bank of China and the State Administration of Foreign Exchange issued the "Notice on Doing a Good Job in Financial Services for Epidemic Prevention and Control and Economic and Social Development".

The "Notice" emphasizes that city-specific policies should be adopted to reasonably determine the minimum down payment ratio and minimum loan interest rate requirements for commercial individual housing loans, support the reasonable financing needs of real estate development enterprises and construction enterprises, and promote the stable and healthy development of the real estate market.

  The "Notice" requires that financial services in the housing sector be improved.

It is necessary to adhere to the positioning of "houses are for living, not for speculation", centering on the goal of "stabilizing land prices, housing prices, and expectations", implement differentiated housing credit policies according to city-specific policies, and reasonably determine commercial individual housing within the jurisdiction The minimum down payment ratio and minimum loan interest rate requirements for loans can better meet the reasonable housing needs of home buyers and promote the stable and healthy development of the local real estate market.

  Financial institutions should distinguish between project risks and enterprise group risks, increase support for high-quality projects, do not blindly withdraw, cut off, or suppress loans, and do not engage in "one size fits all", so as to maintain stable and orderly distribution of real estate development loans.

Commercial banks, financial asset management companies, etc. shall provide financial services for mergers and acquisitions for key real estate enterprise risk disposal projects, carry out mergers and acquisitions loan business in a steady and orderly manner, increase support for mergers and acquisitions bond financing, and actively provide mergers and acquisitions financial advisory services.

  On the basis of controllable risks, financial institutions should appropriately increase support such as liquidity loans to meet the reasonable financing needs of construction enterprises, not to blindly withdraw, cut off, or suppress loans, and maintain continuous and stable financing of construction enterprises.

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