The State Administration of Financial Supervision and Administration stated today (6th) that work related to the urban real estate financing coordination mechanism has made positive progress recently. Most cities have established an urban real estate financing coordination mechanism, proposed a "white list" of real estate projects and pushed it to commercial banks, and commercial The bank has responded positively, effectively matched the project list, and has provided a batch of new financing and loan extensions to meet the reasonable financing needs of different real estate projects.
The State Administration of Financial Supervision requires that each regulatory bureau should set up a special work team to proactively strengthen coordination with local governments and housing and construction departments, actively participate in the work of the coordination mechanism, and keep abreast of the operation of the coordination mechanism in each city within its jurisdiction. Guide and urge banks within the jurisdiction to improve systems and processes and try their best to meet reasonable financing needs. All regulatory bureaus must summarize good experiences and practices in accordance with the requirements of the coordination mechanism, and increase replication and promotion efforts. Existing problems and blockages must be reported in a timely manner, carefully studied and effectively solved through the coordination mechanism, so as to help the real estate market within the jurisdiction develop steadily and healthily.
The State Administration of Financial Supervision also requires all commercial banks to actively connect with the coordination mechanism, conduct timely reviews of the list of recommended real estate projects, speed up credit approval, and meet reasonable financing needs. Each commercial bank must establish a special working mechanism within its jurisdiction, optimize the loan approval process, refine the due diligence and exemption provisions, guide and urge all branches to strengthen research on real estate projects in their jurisdiction, and fully understand the situation. Matters that need to be resolved through coordination should be reported to the coordination mechanism in a timely manner and promoted for resolution.
(CCTV reporter Wang Lei)