On October 21, the State Council Information Office held a press conference on the banking and insurance industry data information and key regulatory tasks for the third quarter of 2021.
Liu Zhongrui, head of the Statistical Information and Risk Monitoring Department of the China Banking and Insurance Regulatory Commission, said that in recent years, the China Banking and Insurance Regulatory Commission has firmly adhered to the positioning of "a house is for living, not for speculation" in accordance with various decisions and deployments of the Party Central Committee and the State Council. Focusing on the goal of "stabilizing land prices, housing prices, and expectations", we will resolutely implement the requirements of a long-term real estate mechanism to promote the stable and healthy development of the real estate market.
In this regard, the China Banking and Insurance Regulatory Commission has also done a variety of work, one of which is to urge banks to implement the regulatory requirements for real estate development loans and personal housing loans, and cooperate with the People's Bank of China to implement the real estate loan concentration management system. The growth rate of real estate loans has stabilized and slowed down.
"Guarantee the credit needs of groups in need." Liu Zhongrui emphasized that first home buyers are supported in terms of loan down payment ratio and interest rate.
At present, more than 90% of bank personal housing loans are first home loans.
(Reporter Shan Lu produced Li Jiali)
Editor in charge: [Lu Yan]