Chinanews.com, December 7th, title: Institutions: Since 2022, more than 300 places have introduced nearly a thousand real estate-related policies
China-Singapore Finance and Economics reporter Pang Wuji
Since 2022, China's real estate related policies have been issued frequently.
Huang Yu, executive vice president of the Middle Finger Research Institute, revealed in Beijing on the 7th that according to estimates, more than 300 places have introduced nearly a thousand relevant policies in 2022, reaching the peak in recent years, and mortgage interest rates in many places have reached historical lows.
Under the main tone of housing, housing and not speculation, in recent months, Chinese regulatory authorities have introduced favorable policies many times, from supporting demand to supporting enterprises, and the policy strength has continued to increase.
Since November, a number of important policies have been implemented.
Huang Yu pointed out that, for example, the "Financial 16 Articles" allow real estate companies to roll over their debts and increase their financing support for real estate companies. Commercial banks will follow up and implement financial support to support real estate companies' financing with "three arrows at the same time."
Huang Yu revealed that in the field of "first arrow" credit financing, in addition to central enterprises and local state-owned enterprises, 25 high-quality private enterprises have obtained credits exceeding 400 billion yuan (RMB, the same below); in terms of "second arrow" bond issuance, recently , the total scale of bond issuance applications of mixed ownership and private real estate enterprises exceeds 120 billion yuan; in terms of "third arrow" equity financing, 4 local state-owned enterprises and 7 private real estate enterprises have applied for equity financing, of which Country Garden and Agile have completed allotment.
Zhang Dawei, chief analyst of Centaline Real Estate, believes that various real estate policies are close to the most relaxed period in history, marked by the resumption of refinancing of listed real estate companies.
Li Yujia, chief researcher at the Housing Policy Research Center of the Guangdong Provincial Institute of Urban Planning, believes that the current real estate policy deployment has formed a package of policy systems covering both the supply side and the demand side.
Next year, the "three arrows" will begin to bear fruit, and market-oriented funds will be put in precisely. Loans, bonds, and equity financing for "guaranteed housing", real estate-related risk disposal, asset mergers and acquisitions, and corporate restructuring will increase significantly.
Looking forward to the market outlook, Huang Yu believes that there is room for further optimization of policies at both ends of supply and demand, and the policy is expected to be further strengthened. Core first- and second-tier cities, especially core second-tier cities, have greater room for policy optimization; reasonable financing needs of enterprises will continue to be supported. The financing chain of enterprises is expected to be further smoothed, and the capital of enterprises is expected to be improved; "guaranteed housing" is still the focus, and special loans and supporting funds are accelerated, and more substantive progress is expected to jointly promote the improvement of home buyers' expectations.
Industry experts believe that at the beginning of 2023, the property market is expected to gradually stabilize.
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