Chinanews.com, November 23. According to the "Notice of the People's Bank of China and the China Banking and Insurance Regulatory Commission on Doing a Good Job in the Current Financial Support for the Steady and Healthy Development of the Real Estate Market" issued by the People's Bank of China's public account on the 23rd.
In order to implement the decisions and arrangements of the Party Central Committee and the State Council, adhere to the positioning that houses are for living in, not for speculation, fully implement the long-term mechanism of real estate, implement policies according to cities to support rigid and improved housing demand, maintain reasonable and moderate real estate financing, and maintain To protect the legitimate rights and interests of housing consumers and promote the stable and healthy development of the real estate market, the relevant matters are hereby notified as follows:
1. Keep real estate financing stable and orderly
(1) Stabilize the supply of real estate development loans.
Adhere to the "two unwavering" and treat state-owned, private and other real estate enterprises equally.
Encourage financial institutions to focus on supporting the steady development of real estate companies with sound governance, focus on their main business, and good qualifications.
Financial institutions should reasonably distinguish between the risks of project subsidiaries and the risks of group holding companies, and meet the reasonable financing needs of real estate projects in accordance with market-oriented principles on the premise of ensuring the security of creditor's rights and closed operation of funds.
Support the project sponsoring bank and the syndicated loan model, strengthen the management of the whole process of loan approval, issuance, and recovery, and effectively guarantee the safety of funds.
(2) Support the reasonable needs of individual housing loans.
Support local governments to implement differentiated housing credit policies based on national policies, reasonably determine the down payment ratio of local personal housing loans and the lower limit of loan interest rate policies, and support rigid and improved housing needs.
Encourage financial institutions to reasonably determine the specific down payment ratio and interest rate level of individual housing loans based on their own business conditions, customer risk conditions, and credit conditions, etc., on the basis of the lower limit of urban policies.
Support financial institutions to optimize housing financial services for new citizens, reasonably determine the standards for personal housing loans for the first house of new citizens who meet the purchase conditions, scientifically and prudently evaluate the credit level of new citizens in multiple dimensions, and improve the convenience of borrowing and repayment.
(3) Stabilizing the credit supply of construction enterprises.
Encourage financial institutions to optimize credit services for construction enterprises on the basis of risk control and sustainable business, provide necessary loan support, and maintain continuous and stable financing for construction enterprises.
(4) Support the reasonable extension of stock financing such as development loans and trust loans.
For stock financing such as development loans and trust loans for real estate companies, on the premise of ensuring the security of creditor's rights, encourage financial institutions and real estate companies to negotiate independently based on commercial principles, and actively support them by extending stock loans and adjusting repayment arrangements to promote project financing. Delivery as completed.
From the date of issuance of this notice, if the loan is due within the next six months, it may be allowed to extend for one year beyond the original regulations, and the loan classification may not be adjusted, and the loan classification submitted to the credit investigation system shall be consistent with it.
(5) Keep bond financing basically stable.
Support high-quality real estate enterprises to issue bonds for financing.
Promote professional credit enhancement institutions to provide credit enhancement support for the bond issuance of real estate companies with overall financial health and short-term difficulties.
Encourage bond issuers to communicate with holders in advance to make arrangements for bond redemption funds.
If it is really difficult to pay on time, reasonable arrangements such as extension and replacement shall be made through negotiation to actively resolve risks.
Support bond issuers to repurchase bonds in domestic and overseas markets.
(6) Maintain stable financing for trust and other asset management products.
Encourage trust and other asset management products to support the reasonable financing needs of real estate.
Encourage trust companies and other financial institutions to speed up business transformation, on the basis of strictly implementing the regulatory requirements for asset management products and doing a good job in risk prevention and control, support the reasonable financing needs of real estate companies and projects in accordance with the principles of marketization and rule of law, and provide real estate companies in compliance with laws and regulations. Provide financial support for corporate project mergers and acquisitions, commercial pension real estate, rental housing construction, etc.
2. Actively do a good job in financial services for "guaranteed housing"
(7) Support development policy banks to provide special loans for "guaranteed delivery buildings".
Support the National Development Bank and the Agricultural Development Bank in accordance with the relevant policy arrangements and requirements, in accordance with the law and regulations, efficiently and orderly issue "guarantee building" special loans to borrowers who have been reviewed and filed. Accelerate the construction and delivery of residential projects that are overdue and difficult to deliver.
(8) Encourage financial institutions to provide supporting financing support.
After the special loan support project clarifies the creditor's rights and debt arrangements, special loans and new judicial guarantees for supporting financing, financial institutions, especially the main financing commercial banks for project personal housing loans or their leading syndicates, are encouraged to follow the principles of marketization and the rule of law. Provide new supporting financing support for special loan support projects, and promote the resolution of personal housing loan risks for undelivered buildings.
The sales receivables of the remaining value of goods can cover both special loans and new supporting financing projects, and the sales receivables of the remaining value of goods cannot cover special loans and new supporting financing at the same time, but it has been clarified that new supporting financing and special loans The supporting mechanism arranges and implements the projects of repayment sources, and encourages financial institutions to actively provide new supporting financing support on the premise of commercial voluntary.
The lender of the new supporting financing should be consistent with the implementation subject of the project supported by the special loan, and the existing assets and liabilities of the project should be audited and evaluated by a qualified institution organized by the local government and an implementation plan of "one building, one policy" has been formulated.
Commercial banks may set up a new sub-item of "special loan supporting financing" under the real estate development loan item for statistics and management.
In principle, supporting financing should not exceed the term of the corresponding special loan, and the longest period should not exceed 3 years.
The proceeds from project sales shall be transferred to the project special account opened in the main financing commercial bank or other commercial banks, and the project special account shall be jointly managed by the commercial bank that provides the new supporting financing.
It is clear that in accordance with the "last in, first out" principle, the sales proceeds of the remaining value of the project shall be repaid first in new supporting financing and special loans.
For commercial banks in accordance with the requirements of this notice, within six months from the date of issuance of this notice, supporting financing issued to special loan support projects, the risk classification will not be lowered during the loan period; Subject management.
If the newly issued matching financing is poorly formed and the relevant institutions and personnel have performed their duties, they may be exempted from liability.
3. Actively cooperate with the risk management of troubled real estate enterprises
(9) Provide financial support for mergers and acquisitions of real estate projects.
Encourage commercial banks to carry out real estate project merger and acquisition loan business in a stable and orderly manner, and focus on supporting high-quality real estate enterprises to merge and acquire distressed real estate enterprise projects.
Encourage financial asset management companies and local asset management companies (hereinafter collectively referred to as asset management companies) to use their experience and capabilities in non-performing asset disposal and risk management, and negotiate risk resolution models with local governments, commercial banks, and real estate companies to promote accelerated asset disposal.
Encourage asset management companies to cooperate with third-party institutions such as law firms and accounting firms to improve the efficiency of asset disposal.
Support qualified commercial banks and financial asset management companies to issue real estate project mergers and acquisitions themed financial bonds.
(10) Actively explore market-oriented support methods.
For some projects that have entered judicial reorganization, financial institutions can assist in promoting project resumption and delivery in accordance with the principles of independent decision-making, self-assuming of risks, and self-responsibility for profits and losses.
Encourage asset management companies to participate in project disposal by serving as bankruptcy administrators and restructuring investors.
Support qualified financial institutions to prudently explore through the establishment of funds and other methods to resolve the risks of troubled real estate enterprises in accordance with laws and regulations, and support the completion and delivery of projects.
4. Guarantee the legitimate rights and interests of housing finance consumers in accordance with the law
(11) Encourage independent negotiations to postpone repayment of principal and interest in accordance with the law.
For individuals who have lost their source of income due to hospitalization or isolation due to the epidemic, or have lost their source of income due to suspension of business due to the epidemic, as well as personal housing loans due to changes or cancellations of housing purchase contracts, financial institutions can independently negotiate with house buyers in accordance with the principles of marketization and the rule of law. To make adjustments such as postponement, relevant parties must abide by the law and regulations, abide by the contract, and fulfill their commitments.
During this process, financial institutions must do a good job in customer service, strengthen communication, protect the legitimate rights and interests of financial consumers in accordance with the law, and at the same time properly classify assets in accordance with relevant regulations.
Malicious evasion of financial debts shall be dealt with in accordance with laws and regulations to maintain good market order.
(12) Effectively protect the personal credit investigation rights and interests of deferred loans.
If the repayment arrangement of the personal housing loan has been adjusted, the financial institution shall submit the credit record according to the new repayment arrangement; if it is determined by the judgment or ruling of the people's court that it should be adjusted, the financial institution shall submit the adjustment of the credit record according to the effective judgment or ruling of the people's court. , and those that have been submitted shall be adjusted.
Financial institutions should properly handle relevant credit investigation objections, and protect the credit information rights and interests of information subjects in accordance with the law.
V. Periodically adjust some financial management policies
(13) Extend the transitional period arrangement of the real estate loan concentration management policy.
For banking financial institutions that are unable to meet the real estate loan concentration management requirements due to objective reasons such as the epidemic, the People's Bank of China, the China Banking and Insurance Regulatory Commission or the branches of the People's Bank of China, and the agencies dispatched by the China Banking and Insurance Regulatory Commission shall, in accordance with the relevant regulations on the management of real estate loan concentration, based on the actual situation and After objective assessment, the transition period shall be extended reasonably.
(14) Periodically optimize the financing policy for mergers and acquisitions of real estate projects.
Relevant financial institutions should make good use of the phased real estate financial management policies issued by the People's Bank of China and the China Banking and Insurance Regulatory Commission that are applicable to major commercial banks and national financial asset management companies, and accelerate the promotion of market-based clearing of real estate risks.
6. Increase financial support for housing leasing
(15) Optimizing housing rental credit services.
Guide financial institutions to focus on increasing credit support for self-sustained property-based housing leasing companies that operate as independent legal persons, have clear business boundaries, and have professional real estate investment and management capabilities. need.
Encourage financial institutions to provide financial support for various entities to purchase and renovate real estate projects for housing leasing in accordance with the principles of marketization and rule of law.
Relevant loans granted by commercial banks to indemnificatory rental housing projects that hold a certificate of indemnificatory housing rental projects are not included in the concentration management of real estate loans.
Commercial real estate is transformed into indemnificatory rental housing. After obtaining the certificate of indemnificatory rental housing, the term and interest rate of the bank's loan will be subject to the relevant policies of indemnificatory rental loans.
(16) Broaden the diversified financing channels of the housing leasing market.
Support housing leasing companies to issue credit bonds and guarantee bonds and other direct financing products, which are specially used for the construction and operation of rental housing.
Encourage commercial banks to issue financial bonds in support of housing leasing to raise funds for increasing housing leasing development and construction loans and operating loans.
Steadily promote the pilot project of real estate investment trust funds (REITs).
(China New Finance and Economics)