According to the statistics report on loans to financial institutions in the first quarter of 2020 released by the Central Bank on April 24, the RMB loans of financial institutions increased by 7.1 trillion yuan in the first quarter of 2020, an increase of 1.29 trillion yuan year-on-year.
Where did the new loan go? From the perspective of investment, about a quarter of them are invested in real estate. This ratio is 9.4 percentage points lower than the previous year's level. From the perspective of loan growth, real estate loans in the first quarter increased by 13.9% year-on-year, and the growth rate fell for 20 consecutive months. Loans in enterprises, institutions, industry, inclusive finance, green credit, "three rural", households and other fields have maintained steady or rapid growth.
The control policy has not been relaxed due to the epidemic, and the growth rate of real estate loans has declined for 20 consecutive months
The report shows that at the end of the first quarter of 2020, the balance of RMB real estate loans was 46.16 trillion yuan, an increase of 13.9% year-on-year, and the growth rate was 0.9 percentage points lower than that at the end of the previous year. It has dropped for 20 consecutive months; the first quarter increased by 1.75 trillion yuan, accounting for the same period. The increase of various loans was 24.6%, which was 9.4 percentage points lower than the level of the previous year.
In recent years, the "faucet" of real estate financing has been tightened. In January of this year, Huang Hong, vice chairman of the China Banking Regulatory Commission, said at the press conference of the State Council of the People ’s Republic of China that in 2020, it will continue to resolutely implement the “housing, housing, and speculation” requirements, strictly implement the credit concentration and other regulatory rules, and strictly prevent the infringement of credit funds into the real estate market. Continue to contain the bubble of real estate financialization.
In addition to credit, other financing channels for housing companies have also been tightened. For example, real estate trusts, which were guided by multiple rounds of windows last year, still have limited quotas this year. In addition, the epidemic caused the property market to shut down once, and the scale of real estate trusts shrank significantly in the first quarter.
The real estate control policy has not been relaxed due to the epidemic. According to Centaline Real Estate Statistics, the national real estate regulation and control policies continued to be frequent in March. On the basis of the historical record of 75 times in February, the real estate related regulatory policies were issued 60 times in March. The cumulative number of real estate adjustments reached 171 in the first quarter, compared with 104 in the same period in 2019, up 65% year-on-year.
Zou Lan, director of the central bank's financial market department, said recently that 2020 will continue to strictly control the proportion of real estate in new credit resources, and implement incremental optimization of credit resources and stock adjustments. In addition, the regulatory authorities have continued to increase the investigation and punishment of the “transfusion” property market in violation of bank credit funds. This week, Shenzhen and Shanghai have successively announced strict investigations into the illegal inflow of funds such as operating loans into the property market; since this year, the CBRC has issued more than 50 house-related fines, including fines for small and micro-enterprise loans into the real estate sector. , Failed to issue real estate development loans according to schedule.
Strict appraisal and targeted reduction of standards, inclusive financial sector loans increased by 17.7%
2020 is the last year for China to implement the five-year plan for inclusive financial development. After the outbreak, China's small and medium-sized enterprises faced great difficulties. The State Council deployed measures such as targeted reductions in inclusive finance to cope with the impact. In addition to the previous assessment of the scale of bank inclusive financial loans, inclusive financial loans in the first quarter Maintain rapid growth.
The report shows that at the end of the first quarter of 2020, the balance of loans in the inclusive finance sector was 18.33 trillion yuan, an increase of 17.7% year-on-year, and the growth rate was 0.6 percentage points higher than that at the end of the previous year. It increased by 1.03 trillion yuan in the first quarter, an increase of 313.5 billion yuan year-on-year.
At the end of the first quarter of 2020, the balance of inclusive small and micro loans was 12.41 trillion yuan, an increase of 23.6% year-on-year, and the growth rate was 2.6 and 0.5 percentage points higher than those at the end of the previous month and the end of the previous year; the first quarter increased by 840.5 billion yuan, an increase of 2876 100 million yuan. The balance of farm household production and operation loans was 5.54 trillion yuan, an increase of 6.9% year-on-year; the balance of entrepreneurial guarantee loans was 151.6 billion yuan, an increase of 33.9% year-on-year; the balance of student loans was 115.6 billion yuan, an increase of 12.4% year-on-year.
The National Convention held on April 21 further proposed to increase the weight of Pratt & Whitney Financial in the comprehensive performance evaluation indicators of banking financial institution branches to more than 10%, and encourage the increase and decrease of microcredit. According to Wen Bin, chief researcher of China Minsheng Bank, the vast majority of banking services in the market are currently diversified, and the assessment indicators are diversified. The weight of small and micro businesses is less than 10%, or even less than 5%. After the executive meeting of the State Council, it is expected that the regulatory authorities will clarify the small and micro business appraisal rules of commercial banks and strengthen inspection and enforcement, thereby driving commercial banks to fully enhance their willingness to serve small and micro enterprises in terms of customers, scale, efficiency, and quality.
Dong Ximiao, a special researcher of the National Finance and Development Laboratory, said that increasing the weight of Pratt & Whitney Financial in the comprehensive performance evaluation indicators of banking financial institution branches will help promote the guidance role of banks in evaluating the baton, and will develop Pratt & Whitney financial policies Implementing downsizing at the grassroots level to provide better services for small, medium and micro enterprises.
Beijing News reporter Cheng Weimiao