China News Service, Beijing, February 20 (Reporter Pang Wuji) The reporter learned from the Ministry of Housing and Urban-Rural Development of China on the 20th that the Ministry of Housing and Urban-Rural Development held a video scheduling meeting for the work of the urban real estate financing coordination mechanism. Dong Jianguo, Vice Minister of the Ministry of Housing and Urban-Rural Development, presided over the meeting and made work arrangements. .
The reporter noticed that in the past month or so, the Ministry of Housing and Urban-Rural Development, the State Administration of Financial Supervision and other departments have frequently deployed or made statements on the urban real estate financing coordination mechanism.
Since China officially announced the establishment of an urban real estate financing coordination mechanism in January this year, various localities and relevant financial institutions have accelerated the implementation of the mechanism. Many cities are still "non-stop" during the Spring Festival holiday, and new progress has been made in the implementation of the coordination mechanism.
The video scheduling meeting revealed that as of February 20, 214 cities in 29 provinces in China have established a real estate financing coordination mechanism, and proposed in batches a "white list" of real estate projects that can provide financing support and pushed it to commercial banks, involving a total of 5,349 projects; 162 projects in 57 cities have received bank financing totaling 29.43 billion yuan (RMB, the same below), an increase of 11.3 billion yuan compared with before the Spring Festival holiday.
According to relevant data from the Bank of China, China Construction Bank, Agricultural Bank of China, Postal Savings Bank of China and some joint-stock banks, 123.6 billion yuan of loans have been approved for "white list" projects, and loans are being issued one after another according to the needs of the project construction progress.
The meeting emphasized that the urban real estate financing coordination mechanism is an important measure to implement equal treatment to meet the reasonable financing needs of real estate companies of different ownerships. It is a powerful starting point to solve the current financing difficulties of real estate companies, an effective means to safeguard the legitimate rights and interests of home buyers, and also to improve real estate projects. Major innovations in management.
The meeting required that all localities should form "two closed loops" when carrying out work.
The first is to form a “push-feedback” work closed loop. The urban real estate financing coordination mechanism screens projects based on conditions and pushes them to commercial banks. Each commercial bank will grant loans after review in accordance with regulations. For projects that are not allowed to lend, they will report the "reasons for not being able to lend" to the financial supervision department, and the city government will coordinate and resolve them in a timely manner. Form a closed loop of work from push to feedback for "whitelist" projects.
The second is to form a closed management loop of "issuance-use-repayment" to ensure that all funds are used for project development and construction, and to strictly prevent funds from being misappropriated for land purchase, debt repayment or other investments. (over)