China News Agency, Beijing, August 23 (Reporter Pang Wuji) The official website of the People’s Bank of China announced on the 23rd that on August 20, the Ministry of Housing and Urban-Rural Development of China and the People’s Bank of China held a seminar on key real estate companies in Beijing to study further Implement a long-term real estate mechanism.
Data map: People's Bank of China. Photo by China News Agency reporter Zhang Xinglong
The meeting held that the relevant departments and localities insist on the positioning that houses are used for living, not for speculation, insist on not using real estate as a short-term means of stimulating the economy, implement the main responsibility of the city, stabilize land prices, stabilize housing prices, stabilize expectations, and maintain real estate regulation. With the continuity and stability of policies and the steady implementation of the long-term real estate mechanism, the real estate market has maintained steady and healthy development.
The meeting pointed out that in order to further implement the real estate long-term mechanism, implement the real estate financial prudential management system, and enhance the marketization, regularization and transparency of real estate enterprise financing, the People’s Bank of China, the Ministry of Housing and Urban-Rural Development, together with relevant departments, have extensively solicited opinions in the early stage. On this basis, the capital monitoring and financing management rules of key real estate enterprises have been formed.
The meeting emphasized that market-oriented, regular and transparent financing rules are conducive to the formation of stable financial policy expectations for real estate companies, reasonable arrangements for business activities and financing behaviors, and enhancement of their own anti-risk capabilities, which are also conducive to promoting the long-term and stable operation of the real estate industry. Prevent and resolve real estate financial risks, and promote the sustained, stable and healthy development of the real estate market.
The meeting also conducted research on improving the financial support policy system for the housing leasing market, and speeding up the formation of a housing system of "simultaneous hire and purchase".
Real estate is a capital-intensive industry and is highly dependent on capital. Stable and smooth financing and other links are the key to the sustainable operation of real estate companies. Yan Yuejin, research director of the Think Tank Center of the E-House Research Institute, said that the meeting reiterated the policy tone of "no speculation in housing and housing", and clearly pointed out that the formation of key real estate enterprises' fund monitoring and financing management rules. This is from the perspective of real estate development, incorporating enterprises into a long-term mechanism. This is not to suppress developers, but to build a more market-oriented and transparent rule system based on the long-term, and promote the long-term stability of the industry. At the same time, the meeting continued to emphasize content such as stabilizing land prices, which will help stabilize real estate companies' land acquisition behavior. (Finish)